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 | ||
5.01 HKD | +16.51% | +16.78% | -13.47% |
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. | |
---|---|---|
-13.47% | 685M | |
+76.06% | 8.96B | |
+13.63% | 1.18B | |
-1.50% | 1.11B | |
-31.70% | 788M | |
-4.76% | 248M | |
-2.54% | 229M | |
+3.95% | 174M | |
-11.94% | 168M | |
-6.93% | 161M |
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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.