China's Fosun in advanced talks to invest $940m in Thomas Cook

China's Fosun in advanced talks to invest $940m in Thomas Cook

FILE PHOTO: The Thomas Cook logo is seen in this illustration photo January 22, 2018. REUTERS/Thomas White/Illustration

China’s Fosun Tourism Group is in advanced talks with Thomas Cook Group Plc and its lenders regarding a combined 750 million pound ($940 million) fund-raising by the world’s oldest travel company.

The proposed deal would give Fosun Tourism control of the British firm’s core packaged-tour business and minority interest in its airline business, marking one of the most significant purchases of a British company by a Chinese group in years.

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