HONG KONG -- Chinese conglomerate Fosun Group has announced the sale of U.K. travel brand Thomas Cook, unloading a symbolic asset purchased only five years ago as it struggles to deleverage after a rush of acquisitions.
The group's Hong Kong-listed unit Fosun Tourism said the entire stake in Thomas Cook will be sold to eSky, an air ticket booking and travel business operator based in Poland, for a total of up to 30 million pounds ($40 million).
