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Travel firm warns that Chinese investor could pull shares from London stock market
Thomas Cook has confirmed the terms of a £900m rescue deal that will give the Chinese conglomerate Fosun control of its holiday business – but warned its shares may be pulled from the London stock market as a result.
The Chinese investor Fosun will inject £450m into the business in exchange for a 75% stake in its 178-year-old package tour division and a 25% holding in its airline business. Continue reading...