Thomas Cook : Group reconciles itself to a recapitalisation; a highly unfavourable scenario for existing shareholders. Reduce recommendation, target price of 5p
>Thomas Cook announces a recapitalisation of the group - Thomas Cook has announced that it is in advanced discussions with Fosun (which holds close to 18% of the group’s capital) and its main banks to restructure its balance sheet and inject sufficient liquidity for the group to continue to trade over the winter. This will involve an injection of £ 750m of new money, which will include a capital increase (directed at Fosun but any existing shareholder may participate ...Thomas Cook Group is a travel company. Co.'s segments include: Group Tour Operator, which includes tour operations and associated activities within Co.'s 17 source markets; and Group Airline, which provides airline-related services, including both scheduled and charter services, and associated activities within Co.'s four airlines.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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