Discussions to agree final terms on the recapitalisation and reorganisation of the Company are continuing between the company and a range of stakeholders, these discussions include a recent request for a seasonal standby facility of 200 million pounds, on top of the previously announced 900 million pounds injection of new capital.

Thomas Cook

Categorized in : Company News

Intensive talks over the last two days with strategic and private equity investors ... have shown us that the German branches of former Thomas Cook with its brands Neckermann Reisen, Oeger Tours and Bucher Reisen have the chance to have a future.

business

Discussions to agree final terms on the recapitalization and reorganization of the company are continuing between the company and a range of stakeholders, these discussions include a recent request for a seasonal standby facility of 200 million pounds, on top of the previously announced 900 million pounds injection of new capital.

top-news

The recapitalization is expected to result in existing shareholders' interests being significantly diluted, with significant risk of no recovery.

top-news

Delaware disputes the allegations in those suits and, to bring some clarity to this issue, filed an action in the U.S. Supreme Court last week to resolve the outstanding legal question.

industrials