Fosun, Ardian withdraw Club Med bid
Chinese conglomerate Fosun International and Ardian Private Equity have withdrawn their takeover bid for French-based vacation resorts operator Club Méditerranée (Club Med).
The move comes after the French financial markets regulator, Autorité des Marchés Financiers (AMF), gave the go-ahead to a rival offer made by Investindustrial, a private equity fund managed by Italian...
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