For a while the coast looked clear for the Italian Bonomi and allies, but the Chinese group Fosun, together with its French ally Ardian and other partners, has increased the bid to take full control over capital at Club Med.
Under the new provisions, the Chinese Fosun is strengthening its position and its partners are only accompanying its industrial project by opening it up to emerging countries that appreciate the French Touch. The strategy remains to improve the product range with the announcement of a 50 million euro envelope for the renovation and extension of a series of 4 Trident villages.
The listing of the share was suspended. The offer will be officially presented to the financial authorities in October in order to close the deal in November, unless Bonomi and his fund strikes back.
Already signed up? Already signed up? Already signed up? Already registered? Login!