Axa PE given green light for Club Med takeover

The takeover offer will run from 17 July to 30 August. As announced earlier, the bidders will offer €17.5 per share, which would value Club Med at around €554m.

Axa PE and Chinese conglomerate Fosun initially planned on offering of €17 per share to Club Med shareholders – they later revised their bid to €17.5, an offer welcomed by the company's board at the end of June.

Axa PE and Fosun have been shareholders in Club Med for two and three years respectively, holding a combined 19% stake in the business prior to the deal.

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• Axa Private Equity
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