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.