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Accor – Club Med, a major pole is established

3 min reading time

Published on 02/07/04 - Updated on 17/03/22

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More than a financial operation, the Accor group’s entry into the capital of Club Méditerranée, up to 29%, prefigures the emergence of a powerful and complementary entity in international tourism. Club Med needed a strong international partner. Accor Group may rely on the leisure expertise of the Club Med to boost its Tourism division.

Assited by the Caisse des Dépôts, which guaranteed its financial package, the Accor group’s taking of participation in Club Méditerranée is also the convenient encounter of two needs. For Club Med, it was important to have a new stable shareholder, ready to support restructuring and to accelerate...

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