Thomas Cook rumours

TCG are saying the company was approached by its 18% shareholder Fosun and go on to say they are in discussions on the tour operator. 

Fosun cannot buy TCG outright, nor can they buy the airline - needs to be >50% held within EU. So this can only be a very preliminary inquiry around what might be left of TCG after whatever deal they manage to get. 
So we don’t think its anything fundamental, but rather a natural conversation you’d expect to take place between a company and its largest shareholder at this stage. 

Still, there should be a spike in the shares/bonds today. 

Tomas is your analyst.

Wolfgang