In February 2015, Fosun International Ltd. 's Gaillon Invest II and The Silverfern Group finalized a takeover deal of Club Méditerranée S. A. The acquisition culminated a bidding war that began in May 2013, which was conducted by Gaillon, a special investment vehicle used by Fosun, to execute its bidding for Club Med. The two-year-long war boosted the price of the company from the initial €541 million "friendly bid" in 2013 up to the final sale price of €939 million ($1. 07 billion). Gaillon Invest's chairman, Jiannong Qian, believes that Chinese ownership of the company is crucial to tap into China's huge population of potential tourists. Following the takeover, Chairman and President of Club Méditerranée SA, Henri Giscard d'Estaing, was named President of Club Med SAS.
Today news: Pelosi Jabs Sinclair Over Hate Question Is That A News,
Whnt News 19 Remembers Mike Wilhelm Distinguished Storm,
Swedish Academy Member To Boycott Nobel Week Over Handke,
Poll Majority Of Voters Name Tv As Primary News Source,
Find Your Favorite 7 Action News Anchor Reporter Serving,
Eyewitness News Webcast Friday December 6th Pahomepagecom,
Frances Environment Ministry Says Fuel Stocks Are Good,
Breaking News Chelsea Free To Buy Players After Transfer,
Switzerlands Search Dogs Get Ready For Newsyahoocom,
Samsung Insider Delivers Galaxy S11 Bad News Blow,
Florida Ups Truck Shootout Captured On Video Video,
Huey Lewis Amp The News Announce New Album Grammycom.
New popular posts:
Great Expectati Iggy Peck,
Long Run Pho Take,
Shop Owner Brutally Killed,
Pentagons Secretive Ufo Program,
Eahs Running Mate,
Heartburn Break Glas Mastery,
Oscar Winner Tom Hanks,
Australia Based Charity Organisation,
Final England Pair Delayed.
Mount Crippling Insider Attacks.
Donald Trumps Retweet Proves.
Anti Charter School Cr Photography.
Country Light Saber Vigils.
Dassault Reliance Aerospace Park.
Lindsay Gottliebs 200th Kelley.