Thomas Cook shares plunge after firm seeks £150m from investors
almost 6 years in The guardian
Travel operator, which had already asked for £750m, wants to stave off winter cash crunch
Shares in Thomas Cook have slumped after the troubled travel operator said it was seeking to raise another £150m from investors – after already asking for £750m – to stave off a Christmas cash crunch.
Thomas Cook said it was in advanced discussions with its banks and Fosun, the Chinese conglomerate and its biggest shareholder, over the “substantial new capital investment”. Continue reading...
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