Fosun International Chairman Holds 12% Thomas Cook Stake (ALLISS)

23rd Mar 2018 15:49

LONDON (Alliance News) - Thomas Cook Group PLC said Friday that Fosun International's chairman and majority shareholder, Guo Guangchang, held a 12% stake in the travel firm after a transaction on Thursday.

The billionaire Chinese businessman, dubbed China's Warren Buffet, held 184.7 million shares in Thomas Cook, equivalent to a 12% stake in the FTSE 250-listed firm.

In March 2015, Fosun, a partner of Thomas Cook, had said it intended to built a stake over 10% in the UK company after building an initial 5.0% stake.

Shares in Thomas Cook were flat at 119.00 pence on Friday.

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