It has been reported that Chinese investment firm Fosun, which owns holiday firm Club Med, has purchased a 5% stake in travel company Thomas Cook.
The company, which intends to ultimately raise its stake to 10%, paid 91.9 million ($140.12 million) for its share as the travel company announced its shares jumped 16% on news of the investment.
Chairman of Thomas Cook, Frank Meysman said the tie up marked "a major milestone in Thomas Cook's 174-year history".
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