Fosun Tourism to buy intellectual property assets of Thomas Cook

Fosun Tourism

01/11/2019 14:49

Nov 1 (Reuters) - Fosun Tourism Group  1992.HK  on Friday
said it will acquire the  intellectual property assets of Thomas
Cook Group Plc for 11 million pounds ($14.25 million).
    The assets on sale include trademarks, domain names,
software applications and licences of Thomas Cook and other
related brands. 
    Britain's Thomas Cook, the world's oldest travel firm,
collapsed in late September succumbing to heavy debt.
 urn:newsml:reuters.com:*:nL5N26E04T
    Fosun also said it does not plan to buy overseas assets or
businesses related to Thomas Cook. 
    

($1 = 0.7720 pounds)

 (Reporting by Shreya Mariam Job in Bengaluru; Editing by
Bernard Orr)
 ((ShreyaMariam.Job@thomsonreuters.com;))