Paris (AFP) – Italian businessman Andrea Bonomi said Friday through his company Global Resorts waives outbid the last offer of the Chinese conglomerate Fosun to buy Club Med
<. p> “After carefully analyzing the situation of the public offer for the shares of Club Méditerranée SA and, in particular, valuation levels achieved for the company, the board of directors of Global Resorts SAS has decided not not bid and, therefore, intends to withdraw its offer, “he said in a statement.
” As an institutional investor, Global Resorts believes that the current situation and valuations can no longer assume that the Club Med is an investment opportunity, “says Andrea Bonomi quoted in the document.
” The shares held by Club Med Global Resorts will be made to the offers Gaillon Invest II, or sold on the “market added.
On December 19, the Chinese conglomerate Fosun and Sino-Brazilian-French-Portuguese partners had raised their offer on the company French offering 24.60 euros per share, against 24 euros previously offered by the Bonomi team.
This offer is lower at the last Club Mediterranean which closed at 25.09 euros on Friday night.
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