Thomas Cook (TCG) confirmed media reports that it is in discussions with Chinese investment company Fosun International over a takeover approach for its tour operator business.
Thomas Cook Group has confirmed that it is in talks with Chinese travel group Fosun International regarding a potential offer for its tour operator business. The company says it has received a preliminary approach from Fosun, its largest shareholder. It says there can be no certainty that the approach will result in a formal offer. However, the board will consider “any potential offer,” alongside its other “strategic options”, for maximising value for all stakeholders.
RNS Number: 6449 B Thomas Cook Group PLC 10 June 2019. Thomas Cook Group notes media reports regarding a potential offer for its tour operator business from Fosun International Limited, the group's largest shareholder. Thomas Cook Group plc. is one of the world's leading leisure travel groups, with sales of £9.6 billion in the year ended 30 September 2018.
Myself and Justin pick up where we left off from last week on Thomas Cook UK #TCG , plus Tertiary Minerals #TYM Cadence Minerals Plc #KDNC & Bidstack #BIDS podcast podcasting . Interview is 9 minutes 50 seconds in
Alan Green & Justin Waite pick up where they left off from last week on Thomas Cook UK #TCG , plus Tertiary Minerals #TYM Cadence Minerals Plc #KDNC & Bidstack #BIDS #podcast #podcasting . Interview is 9 minutes 50 seconds in
Thomas Cook Group notes the media speculation regarding a potential sale of its Northern Europe business. Thomas Cook Group confirms that it has received a highly preliminary and unsolicited indicative offer from Triton Partners for its Northern Europe business, comprising its tour operator and airline in Norway, Sweden, Finland and Denmark..
RNS Number: 9943 Z Thomas Cook Group PLC 23 May 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Tune in for a full half hour argument between myself and Justin Waite on the Vox Markets podcast re the merits of Thomas Cook UK #TCG as a trade or an investment , plus Brave Bison #BBSN and Itaconix #ITX - interview is 29 mins 7 seconds in
RNS Number: 6868 Z Thomas Cook Group PLC 21 May 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
·Underlying EBIT loss increased by £65 million to £245 million reflecting margin pressure in Tour Operator. ·Goodwill impairment of £1,104 million in UK business, relating to 2007 merger with MyTravel. ·Loss before tax of £1,456 million after goodwill impairment.
Thomas Cook is Europe's second-largest travel firm. It was formed by the merger of UK package holiday rival MyTravel and the Thomas Cook tourism unit of Germany's KarstadtQuelle. Under the terms of the merger, KarstadtQuelle owns 52% of the enlarged group and MyTravel the rest.