Leisure travel specialist Thomas Cook has agreed to the key commercial terms for a £900 million ($1.1 billion) recapitalization, which will include ownership changes at the group’s airline unit. Updating the markets on Aug. 28, Thomas Cook said it had reached “substantial agreement” on key commercial terms with the Fosun Tourism Group of China, its banks and the majority of its 2022 and 2023 senior noteholders. The deal will see Fosun inject £450 million in ...

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