powered by inbusiness-news-logo cbn omada-logo celebrity-logo LOGO-PNG-108

Thomas Cook to Sell Majority Stake to China's Fosun

Troubled travel firm Thomas Cook says it has agreed a rescue deal with investor Fosun Tourism, its banks and a majority of its bondholders, the BBC reports.

The UK tour operator said in July it was working to secure new investment from Fosun, a major shareholder.

;