Shares in Thomas Cook Group Plc rose 15 percent on Tuesday, after a media report said the British travel company was approached by several parties about a possible takeover of its tour operating unit or the entire company.
Sky News reported over the weekend that U.S. private equity firm KKR & Co and Swedish buyout group EQT Partners were potential bidders for the group, while China’s Fosun International was understood to be among those to have lodged preliminary interest in the tour business.
The company’s shares surged 14.4 percent to 28.05 pence in early trading in London.
Thomas Cook, the world’s oldest tour operator, had put its airline business up for sale and closed stores this year, after a heat-wave in northern Europe last summer deterred holidaymakers from booking last-minute deals, leading to two profit warnings and speculation among investors that it might need to raise funds.
Via Reuters
