UK travel group Thomas Cook has deepened its relationship with its major Chinese shareholder Fosun, forming a partnership to sell holidays to China's growing middle class.
The Chinese business will be 51 per cent owned by Fosun and 49 per cent by Thomas Cook, with tours sold under the British company's brands.
Peter Fankhauser, chief executive officer of Thomas Cook, said:“Today marks a significant milestone in our strategic partnership with Fosun. We are excited at the prospects of entering the largest and fastest-growing tourism market in the world with such an experienced partner.”
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