Author Topic: Turkish company buys a stake in Thomas Cook  (Read 1761 times)

0 Members and 1 Guest are viewing this topic.

Offline KKOB

  • Prolific Member
  • *****
  • Posts: 13570
  • I'm hearing the word.... Nonce !
Turkish company buys a stake in Thomas Cook
« on: August 10, 2019, 15:58:44 PM »
Shares have flown in recent days as news of a much-needed cash injection from a significant Turkish investor has emerged. Neset Kockar, founder of holiday colossus Anex Tourism Group, secured a 6.71% stake in Thomas Cook on Wednesday before going shopping again yesterday. As it stands Kockar holds an 8.01% stake in the British business.

It’s not just that investors are celebrating the critical boost for Thomas Cook’s battered balance sheet. The £750m liquidity injection from its lenders and Chinese travel titan Fosun which was proposed last month would only give it sufficient liquidity to trade over the winter season.

https://www.fool.co.uk/investing/2019/08/02/thomas-cooks-share-price-is-up-64-in-three-days-is-it-time-to-buy-back-in/




Share me

Digg  Facebook  SlashDot  Delicious  Technorati  Twitter  Google  Yahoo
Smf