Chinese-French Club Med bid faces regulatory and legal hurdles
by Hugh Carnegy
A joint €550m bid to buy out Club Méditerranée by Chinese and French investors is facing disruption after France’s market authority extended the takeover period indefinitely while two groups of minority shareholders fight the proposed deal in the courts.
... But Julien Visconti, an adviser to CIAM, which holds about 1 per cent of Club Med, told the AFP news agency last month that among its objections was a lack of information, including about “an enormous package of preference shares for management”. ...