TCG has confirmed that the group is in talks with its largest Chinese shareholder and business partner, Fosun, to sell its tour operator business separately after announcing the sale of its airline business. Selling separately its two businesses may be the best way to maximise value for all stakeholders at the current stage.
11 Jun 2019
Chinese Fosun may take over the oldest European travel group
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Chinese Fosun may take over the oldest European travel group
Thomas Cook Group (TCG:LON) | 0 0 0.3% | Mkt Cap: 1,871m
- Published:
11 Jun 2019 -
Author:
Jie Zhang -
Pages:
2
TCG has confirmed that the group is in talks with its largest Chinese shareholder and business partner, Fosun, to sell its tour operator business separately after announcing the sale of its airline business. Selling separately its two businesses may be the best way to maximise value for all stakeholders at the current stage.