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11%: Fosun increases its stake in Thomas Cook to 11%

Fosun to promote Greece as a hot spot for Chinese tourists
Thursday 18 May 2017 Author: Lisa-Marie Janes
Story In Numbers

Shanghai-based investment company Fosun has increased its stake in travel agent Thomas Cook (TCG) to 11%.

Two years ago, the group backed by billionaire Guo Guangchang took a 5% stake in the company for £91.8m.

According to media reports, Fosun wants to use its stake in Thomas Cook to start building vacation packages to boost the number of Chinese tourists jetting off to Greece 10-fold.

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18 May 2017

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