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Saturday, 3 January 2015

NEWS BUSINES China's Fosun closes in on Club Med buyout

Chinese conglomerate Fosun zeroed in on its 18-month quest to buy French holiday resorts group Club Med on Friday (Jan 2) when Italian businessman Andrea Bonomi refused to raise his latest offer.
PARIS: Chinese conglomerate Fosun zeroed in on its 18-month quest to buy French holiday resorts group Club Med on Friday (Jan 2) when Italian businessman Andrea Bonomi refused to raise his latest offer.