Thomas Cook Group plc (LSE:TCG) said it is in advanced discussions with Fosun Tourism Group (SEHK:1992) for new capital investment. Fosun will invest £750 million. Fosun would get a majority stake in the Thomas Cook tour arm and a minority holding in Thomas Cook.

Fosun said it is a "committed" investor". Thomas Cook said shareholders could get the chance to take part in the restructuring by investing alongside Fosun, but provided no details.