Sunday, June 13, 2010

Club Med Says Fosun Acquires 7.1%, Forms Strategic Alliance

June 13 (Bloomberg) -- Club Mediterranee SA said China’s Fosun International has acquired 7.1 percent of its share capital and becomes one of Club Med’s largest strategic investors.


“At the same time, the two groups announce a strategic partnership agreement in order to build comprehensive cooperation in upscale resort construction and operation as well as developing global business synergies,” the French company said in a statement today

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