Reported 22 days ago
CapitaLand Investment Ltd. is in advanced discussions to acquire a minority stake in Club Med from Fosun International. The Singaporean firm is looking to purchase between 20% to 30% of the French luxury resort chain, reportedly for several hundred million euros. This move comes amid Fosun's efforts to reduce its debt and revitalizes confidence in its global operations. Shares of both companies have seen an increase following the news, although no final decisions have been made yet.
Source: YAHOO