Thomas Cook's ￡900m rescue deal
Natalie MacDonald
![Natalie MacDonald]()
Natalie MacDonald
Senior News Editor, Special Projects Lead - APAC @ LinkedIn | Currently on parental leave
Thomas Cook has agreed a ￡900m rescue deal that could see troubled travel firm disappear from the London Stock Exchange and wipe out shareholders interests. The new deal would see major shareholder Chinese group Fosun put in ￡450m in return for at least 75% of the tour business and 25% of the group's airline, taking control of the world’s oldest travel company. Thomas Cook, which employs 22,000 staff across 16 countries, has issued three profit warnings this year and in summer reported a ￡1.5bn half-year loss.