Club Med looks east as takeover goes ahead

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euronews (in English)
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A Chinese conglomerate and a French private equity firm are to take over Club Med after they improved their offer for the holiday firm to 557 million euros.

China's Fosun International and AXA Private Equity - who were already Club Med's biggest shareholders - upped their price to 17.5 euros a share for the stock they do not already own.

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