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Club Med board approves improved offer from AXA and Fosun

25 Jun 2013

Club Mediterranee’s board has accepted a sweetened bid of €17.50 per share from private equity firm AXA and Chinese conglomerate Fosun International. AXA and Fosun, which collectively hold a 19.33 per cent stake in the business, previously offered €17 per share for the French resort operator, valuing it at €556m. Some of Club Med’s shareholders[...]

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