Andrea Bonomi launches the assault on Club Mediterranee, the world number one in holiday villages, and the stock – listed on the Cac 40, the Paris Stock Exchange – responds immediately: at lunchtime the share gains almost 10%. exceeding the offer price (21 euros) at 21,45 euros.
The market's response came the day after the move by the president of Investindustrial, who, overcoming any delay, had launched a counter takeover bid on Club Mèditerranèe. In view of the deadline imposed by the French Consob at 18 pm yesterday, the Italian financier had filed a 790 million euro offer. The offer, carried out through Investindustrial, represents a 22% premium compared to the 17,50 euro (577 million euro) takeover bid launched by the Chinese of Fosun and by the investment company Ardian, a much lower price than the current quotation of the Club Med share on the Paris stock exchange at 19,58 euros (+3,11%). On Friday, the stock closed the session at €18,99.
Opposing the takeover bid launched by Fosun and Adrian, on 20 May the Italian financier's Strategic Holdings fund had exceeded 10% of the capital (10,54%) of Club Med, becoming its first shareholder and raising hopes for the arrival of a counter opa. The fund had also asked to join the French company's board of directors, specifying however that it had no intention of exceeding 30% and taking control of it.
