ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Nikkei Markets

Fosun Tourism sees 'much difficulty' in Thomas Cook acquisition

Club Med resorts operator considering $909m proposal from UK firm

In July, Fosun Tourism said it is considering a proposal made by London-listed Thomas Cook in relation to potential investment and reorganization.   © Reuters

HONG KONG (NikkeiMarkets) -- Fosun Tourism Group, the operator of the Club Med branded resorts, expects to face hurdles in the planned acquisition of a controlling stake in Thomas Cook Group, its chairman and chief executive said on Monday, adding that there was a chance the Chinese company will not take part in the latter's re-organization.

"Like any merger and acquisition, the acquisition of Thomas Cook involves much difficulty," Qian Jiannong said at a post-earnings news conference. "Various sides have got their own priorities. We are intensively listening and negotiating with various parties."

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more