Chinese Firm Buys Stake In Thomas Cook

Chinese investment company, Fosun, has bought a five per cent stake in Thomas Cook as it makes another move into the holiday market

Chinese investment company, Fosun, has bought a five per cent stake in Thomas Cook as it makes another move into the holiday market.

The firm, which invested in France’s Club Med in a separate transaction last month, is reportedly already looking to increase its stake in Thomas Cook to 10 per cent.

Thomas Cook is now looking to collaborate with Club Med as a result.

The deal, which was signed for £92m ($140m), sent Thomas Cook’s shares rising by as much as 22 per cent.

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