Thomas Cook has confirmed that they are in talks with Chinese conglomerate Fosun, over a potential sale of their tour operating business.
Over the weekend reports said that Cook’s largest shareholder was eyeing up the deal which would mean a complete break-up of the travel company.
Fosun who owns the Club Med brand said there is “no certainty” that their preliminary approach will result in a formal offer.
In early morning trading shares in Thomas Cook jumped by 22% over the news.
Leave a Comment