The unions of Club Mediterranee reject the takeover bid presented by the Gaillon II consortium, controlled by the Chinese Fosun because it would cause the group to lose its "European anchorage" and "French identity" and contest the president and Henri Giscard d'Estaing who he is supporter.
In a letter to the number one of the Club, the union Unsa underlines that with the offer of Gaillon II, Club Med would be transformed "from a predominantly French company to one predominantly Chinese".
Gaillon II, which would have 80% of the Club, would be 86% owned by Fosun, 7% by U-Tour, 5% by Ardian, 2% by the managers and the remaining 20% by the Portuguese Fidelidade. controlled by Fosun, the unions rebuild, defining "obsolete" the declarations of Giscard d'Estaing according to which the Club will not become Chinese.
The Unsa believes that "with a minimum French shareholding, European anchoring cannot be guaranteed". Furthermore, "Gaillon II's strategic plan is still the same despite the criticisms of recent months".
