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Fosun Tourism Says Group Entered Agreement To Acquire IP Assets From Thomas Cook
Fosun Tourism Group Says 9-Month Adjusted EBITDA From Tourism Operations About RMB2,382.8 MLn
Fosun Tourism Group Says 9-Month Business Volume Of Group's Tourism Operations RMB11,503.9 Mln
FOSUN TOURISM GROUP is a China-based company focusing on leisure and holiday tourism business. The Company is principally engaged in resort operations through Club Med and Club Med Joyview. The Company is also engaged in the development, operation and management of tourist destinations such as Atlantis in Sanya, as well as the management of third-party destinations. In addition, the Company offers services and solutions based on vacation scenarios.
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China's Fosun Tourism Group said on Friday it would acquire the Thomas Cook and related hotel brands for £11 million, in a bid to expand its presence in the tourism business.
Fosun Tourism Group on Friday said it will acquire the intellectual property assets of Thomas Cook Group Plc for 11 million pounds ($14.25 million).
Thomas Cook <TCG.L> is negotiating a 750 million pound ($941 million) rescue that will give Fosun Tourism <1992.HK>, its biggest investor, control of the indebted British group's package-tour business, in a blow to other shareholders.
Hong Kong-based Fosun Tourism is in talks to buy Thomas Cook's tour operating business, Sky News reported on Saturday, as the British group faces breakup after issuing three profit warnings in the past year.
Fosun Tourism Group is in talks to buy Thomas Cook's tour operating business, Sky News reported on Saturday.
China's Fosun Tourism Group, operator of the Club Med holiday business, on Friday said it has raised $428 million in its initial public offering (IPO), pricing shares at the bottom of a marketed range.
China's Fosun Tourism Group has raised $428 million in its Club Med holiday business initial public offering (IPO), pricing shares at the bottom of a marketed range, people close to the deal said.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.