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Thomas Cook seeks another £200m of funding

The tour operator requires an another £200m to make it through the winter, on top of the £900m recapitalisation previously announced
Thomas Cook seeks another £200m of funding

The situation has become ever more dire at Thomas Cook (TCG), as the travel group confirmed speculation that it requires £200m to get through the winter season, in addition to the £900m of funding previously announced. This capital injection will be significantly dilutive to existing shareholders, but the alternative is that the company could face administration.

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