Yet another relaunch for Club Med: now the value of the French tourist travel giant is getting closer and closer to one billion euros. After the latest offer of the Investindustrial of the Italian financier Andrea Bonomi, which had risen to 24 euros per share, the counter-bid of Gaillon Invest II arrived this morning, the Franco-Chinese consortium headed by Fosun (which holds over 60%), Ardian , U-Tour and the current management of the French tour group: € 24,60 per share, for an overall valuation that now reaches 939 million euros.
Now the deadline for a possible counter-offer from Bonomi has been set by the French Market Authority on 7 January 2015. There is expectation for its relaunch, so much so that the Club Med share is readmitted to listing at a good 25 euros, thus exceeding the latest offer from the Chinese of Fosun.
In the meantime, the Brazilian Docas Investimentos has also joined the consortium led by Fosun, which according to the strategic plans will support the growth of Club Mediterranée on the South American market. The Club Med share, which yesterday on the Paris Stock Exchange had closed up at 24,90 euros per share, opens today in a volatility auction.
