A satisfactory proposition. Thus the board of directors of Club Med considers the new offer put on the plate by Gaillon Invest II (formed by Fosun, Ardian, Club Me'diterranee' Management and U-Tour), and Fidelidade (the Portuguese insurance controlled by Fosun), a proposal which, according to the board of the French group, "combines the creation of value for shareholders and aims to strengthen the group's strategy with further investments".
What hit the board positively, the note reads, is "Fosun's strong commitment with the purchase of a further 8,3% of the company". In any case, Club Med has decided to rely on an independent expert to draft the "fairness opinion" on the 22 euro proposal: it is BM&A. Only following the latter's indications will the top management of the French company definitively pronounce themselves on the conditions of the offer.
