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International Press Coverage of CIAM

Chinese-French Club Med bid faces regulatory and legal hurdles

The Financial Times reports that the joint €550m takeover bid from Axa Private Equity and Fosun for Club Mediterranée has faced disruption after the stock market regulator, AMF, has extended the takeover period while two minority shareholders, CIAM and Adam, a French minority shareholders association, await the result of objections they have filed in the French court of appeal against the offer.

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Financial TimesCIAM