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Report: Turkish investor says Thomas Cook to be sold whole or in parts

Thomas Cook Group PLC's second-largest shareholder Neset Kockar said the troubled British travel services provider will either be sold as a whole or in parts following its collapse, Reuters reported Sept. 23.

The Turkish tourism entrepreneur reportedly said Thomas Cook owes "a few hundred million pounds" to Turkish businesses that may not be paid after the company is sold. Kockar added that he would see what he is offered before deciding whether to buy more assets, Reuters said.

As of July 31, Kockar holds approximately 8.03% of Thomas Cook. His ownership has a market value of about £4.2 million, according to S&P Global Market Intelligence.

Fosun International Holdings Ltd. is currently the largest single shareholder of Thomas Cook with a 10.86% holding. Its Fosun Tourism Group unit was approached by Thomas Cook in July for a rescue deal that would have seen the U.K. company securing £900 million in funding.

However, talks fell through on Monday, forcing the airline company to go into compulsory liquidation. The U.K. government and the Civil Aviation Authority are now working to launch the "largest repatriation in peacetime history" to help all U.K. customers affected by the liquidation.