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International Press Coverage of CIAM

Club Med deal put on hold

Real Deals reports that the takeover bid from Axa Private Equity and Fosun for Club Mediterranée has been delayed after the French court of appeal has granted CIAM and French minority shareholders’ association, Adam, a hearing on 27 February 2014 to discuss their objections to the offer.

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Real DealsCIAM
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