Fosun Tourism Group is in advanced negotiations to sell Thomas Cook to a European travel company, according to a news report.
Sky News says Thomas Cook’s Chinese owner is close to selling the brand to a Polish private equity-backed online travel agent called eSky.
The report says: “Sky News has learnt that Fosun Tourism Group is in advanced negotiations to sell Thomas Cook to eSky, which is majority-owned by MCI Capital, a private equity firm focused on Central and Eastern Europe.
“City sources said the talks had been under way for some time, and could result in a deal in the coming weeks, although they cautioned that the discussions could yet fall apart.”
Fosun acquired the Thomas Cook brand for £11 million after it collapsed as a tour operation in September 2019 and relaunched it as an online travel agent.
Sky News reported in November 2022 that Fosun was looking to offload a substantial stake in Thomas Cook.
Then, as now, Thomas Cook declined to comment.
The post Fosun reportedly close to selling Thomas Cook appeared first on Travel Gossip.
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Sky News says Thomas Cook’s Chinese owner is close to selling the brand to a Polish private equity-backed online travel agent called eSky.
The report says: “Sky News has learnt that Fosun Tourism Group is in advanced negotiations to sell Thomas Cook to eSky, which is majority-owned by MCI Capital, a private equity firm focused on Central and Eastern Europe.
“City sources said the talks had been under way for some time, and could result in a deal in the coming weeks, although they cautioned that the discussions could yet fall apart.”
Fosun acquired the Thomas Cook brand for £11 million after it collapsed as a tour operation in September 2019 and relaunched it as an online travel agent.
Sky News reported in November 2022 that Fosun was looking to offload a substantial stake in Thomas Cook.
Then, as now, Thomas Cook declined to comment.
The post Fosun reportedly close to selling Thomas Cook appeared first on Travel Gossip.
Continue reading...
