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."
