Fosun to Acquire Thomas Cook Brand and Hotels

Αssociated Press

FILE - In this May 19, 2016, file photo, a Thomas Cook plane takes off from England. (Tim Goode/PA via AP, File)

Fosun is expected to acquire the Thomas Cook brand and the Casa Cook and Cook's Club hotels, according to ANA-MPA information from Shanghai, where the Chinese giant has its base. The same sources said that Greece was at the top of destinations where Fosun wants to invest, aiming to strengthen tourist arrivals from China. The Casa Cook and Cook's Club hotel brands operate a number of hotels in Crete, Rhodes and Cos islands.

Fosun is the largest private company from China to invest in Europe and owns, among others, the German bank Hauck & Aufhaeuser Privatbankiers and the Portuguese insurance company Fidelidade Cia de Seguros.