Sept 21 (Reuters) - Britain's Thomas Cook Group Plc
has approached the UK government for a bailout in an attempt to
save itself from collapse after its lenders threatened to pull
out of a proposed rescue deal, the Financial Times reported late
on Friday.
The move comes after the British travel firm's stakeholders
requested an extra 200 million pounds ($250 million) in talks to
finalise the restructuring plan.
The company was locked in talks with "multiple" potential
investors, including the government to provide the additional
200 million pounds, the FT reported https://on.ft.com/2NrDelH,
citing two people briefed on the situation.
The last-minute demand for the additional funding puts the
900 million pound recapitalisation plan agreed by the company
with its Chinese shareholder Fosun last month at risk,
the company had earlier said on Friday.
Thomas Cook, one of the world's oldest holiday companies,
could leave hundreds of thousands of holidaymakers stranded if
it fails to find funds.
Thomas Cook did not immediately respond to Reuters' request
for comment.
($1 = 0.8014 pounds)
(Reporting by Bhargav Acharya in Bengaluru; editing by Giles
Elgood)