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Thomas Cook rescue plan to give China's Fosun control of tour business

Reuters India Friday, 12 July 2019 ()
Thomas Cook is in talks with largest shareholder Fosun Tourism and lenders for a 750 million pound ($940.9 million) bailout, a proposal giving the Chinese firm control of the British company's core packaged-tour business.
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News video: Thomas Cook eyes Chinese rescue for tour unit

Thomas Cook eyes Chinese rescue for tour unit 01:07

British holiday firm Thomas Cook is in talks over a bailout for its ailing tour business by China&apos;s Fosun Tourism. Julian Satterthwaite reports.

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