Thomas Cook has approached UK government for bailout funds

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Thomas Cook has approached UK government for...
 © In-Cyprus 2020
Britain’s Thomas Cook Group Plc has approached the UK government for a bailout in an attempt to save itself from collapse after its lenders threatened to pull out of a proposed rescue deal, the Financial Times reported late on Friday.

The move comes after the British travel firm’s stakeholders requested an extra 200 million pounds ($250 million) in talks to finalise the restructuring plan.

The company, which employs about 21,000 people, was locked in talks with “multiple” potential investors, including the government, to provide the additional...


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This article was automatically added to our system 21-9-2019

Thomas Cook has approached UK government for bailout funds


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