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Source: BBC
http://brain.sg/article/thomas-cook-told-extra-funds-needed-to-seal-rescue-294548
Brain - Thomas Cook told extra funds needed to seal rescue
Key Highlights

The troubled operator hoped to seal a rescue led by China's Fosun this week

Thomas Cook's financial difficulties have mounted over the past year

Earlier this week Thomas Cook said it was " focused on completing " the deal and is believed to be negotiating with its banks, bondholders and Fosun in an attempt to keep the rescue on track

It has blamed a series of problems for its profit warnings

If the rescue deal goes ahead it would be majority owned by Fosun

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