Caixin OnlineDeal JournalMergers & Acquisitions Fosun Buys Stake in French Resort Club Med
06.23.2010 17:33

Fosun Buys Stake in French Resort Club Med


Buyer: Fosun High Technology
Sellers: FIPAR International, GLG Partners
Target: Club Mediterranee
Stake: 7.1%
Industry: Luxury Resort

Manufacturing and property conglomerate Shanghai Fosun High Technology (Group) Co. Ltd. announced June 13 a strategic partnership with French upscale resort group Club Mediterranee along with plans for the first Club Meds in China.

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