Thomas Cook seeking another £150m
All,
Thomas Cook are reportedly seeking another £150m on top of the £750m already announced.
Interestingly, Fosun’s share of investment under the previous deal is said to have been £450m - larger than we had thought.
The new amount suggests that the fresh cash be split 50/50 between Fosun and bondholders, although we are looking to confirm that early next week.
The announcement runs counter to Mr. Kockar’s claim that he thinks the company does not need as much fresh cash.
Wolfgang