Fosun Tourism Group (SEHK:1992) agreed to acquire 75% Stake in Tour Operating Business and 25% stake in Airline Business from Thomas Cook Group plc (LSE:TCG) for £450 million on August 28, 2019. The execution of the transaction remains subject to a legally binding agreement and subject to the receipt of anti-trust approvals. Tim Lewis of Clifford Chance acted as legal advisor to Fosun Tourism.
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5-day change | 1st Jan Change | ||
4.31 HKD | 0.00% | +6.16% | -25.56% |
Apr. 26 | Fosun Tourism Group Enters into Framework Agreement with Fosun International | CI |
Apr. 23 | Fosun Tourism Logs 16% Jump in Q1 Business Volume | MT |
EPS Revisions
Quarterly revenue - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-25.56% | 686M | |
+58.23% | 8.71B | |
+14.63% | 1.24B | |
+6.46% | 979M | |
-29.48% | 861M | |
-4.76% | 247M | |
-4.44% | 220M | |
+4.61% | 174M | |
-8.58% | 172M | |
-7.36% | 158M |
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- Fosun Tourism Group agreed to acquire 75% Stake in Tour Operating Business and 25% stake in Airline Business from Thomas Cook Group plc for £450 million.