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After evaluating a wide range of options to reduce our debt and further consolidate our finances, the Board of Directors decided to implement a recapitalization plan for the company, supported by a significant injection of additional funds from our long-term funds. main shareholder, Fosun, and our main lending banks.
While this is not the desired outcome of any of our shareholders for our shareholders, this proposal is a pragmatic and responsible solution that provides the means to secure the future of Thomas Cook's business to our customers, our suppliers and our employees.
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