Thomas Cook Group Plc’s bonds rallied but its shares fell after China’s Fosun Group said it may help fund a 750 million-pound ($940 million) rescue of the ailing British travel firm that would heavily dilute its stock.
The deal will give Cook’s biggest investor control of the U.K. company’s tour operations and a minority stake in its airline, the sale of which will be put on hold, while swapping debt for equity and issuing new shares, Fosun Tourism Group said in a statement Friday.
