Renewed speculation around the Club Med
Just over one month after the arrival of a new Chinese shareholder – Fosun Group, up 7.1% stake – Club Med is again subject of speculation, the Sunday Times reporting that Sunday that an investment company managing the funds of the family of the Sultan of Brunei, BMB Group, plans to file a takeover offer for the group of holiday villages. His proposal, presented as a friendly, valued the club at 800 million euros, almost double the market capitalization of the company, which was about 430 million euros on Friday.
BMB Group has denied reports Sunday night in a statement."The BMB Group is in discussions with any officer or shareholder of Club Med as suggested by the Sunday Times article, it says Harold Alby, a spokesman for the group totally free credit score.
At the same time, nobody wanted to comment at Club Med. The Sunday Times, BMB Group has already the support of three of the four major shareholders of the group chaired by Henri Giscard d'Estaing (Chinese Fosun, GL Partners hedge fund and investment company Rolaco), and finalize it this week discussions with the first of them, Fipar International, a subsidiary of Caisse des Depots and management of Morocco.
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