Fosun acquires a 5% stake in Thomas Cook

On March 6, Thomas Cook Group announced that Fosun International, a Chinese investment group, bought a 5% stake in the company by investing £91.8 million for the issue of 73,135,777 new Thomas Cook ordinary shares. Fosun also intends to purchase further Thomas Cook shares over time on the open market with a view to increasing its shareholding in Thomas Cook up to approximately 10% of the enlarged issued ordinary share capital The Thomas Cook Board described the partnership with Fosun as “an attractive opportunity to deliver significant benefits to Thomas Cook’s customers, staff and shareholders”. The UK holiday group maintains