Thomas Cook & Fosun Tourism Likely to Join Pact

Thomas Cook Group is in advanced talks about a deal with Fosun Tourism and its lenders to recapitalise its tour operating business, Sky News reported on Thursday. The world`s oldest travel company could announce the deal soon, Sky News reported.

The report cited bankers as saying that under the outline of the proposed deal, Fosun and Thomas Cook`s lenders would inject hundreds of millions of pounds of new equity and debt into the company.