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Club Med: new shareholder offer accepted. The increasingly aggressive Chinese of Fosun

The Chinese of Fosun International and AXA Private Equity are preparing the takeover of Club Mediterranèe: the board of directors of the tourism group has accepted the improved offer presented by the two investors, who are aiming for a 46% stake each.

Club Med: new shareholder offer accepted. The increasingly aggressive Chinese of Fosun

The Board of Directors of Club Mediterranèe has accepted the offer of the Chinese investor Fosun International and AXA Private Equity which, in agreement with the management, have improved the previous proposal made, bringing it from 17 euros per share to 17,50.>

In addition to the shareholders represented on the board, Edizione Holding (owned by the Benetton family) and Rolaco have also joined the new proposal. Fosun and AXA for the moment they both hold less than 10% (9,96% and 9,4% respectively): the objective of the two groups is that of a joint venture equal to 46%, with the remaining 8% in hand to 400 managers of the tourist group.

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