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 | ||
4.08 HKD | -1.45% | +5.15% | -29.53% |
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. | |
---|---|---|
-29.53% | 649M | |
+68.58% | 9.44B | |
+18.06% | 1.24B | |
+1.27% | 1.22B | |
+8.31% | 990M | |
-26.35% | 842M | |
0.00% | 245M | |
-2.06% | 225M | |
-10.82% | 169M | |
+2.63% | 168M |
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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.