CapitaLand Investment is in advanced talks to acquire 20-30% stake in Club Med from Fosun International, outbidding competitors. Stock prices for both firms have increased.
CapitaLand Investment Negotiating to Acquire Stake in Club Med
CapitaLand Investment is currently in negotiations to acquire a 20-30% stake in Club Med from Fosun International, with talks progressing ahead of other competitors. The potential acquisition has also led to increases in stock prices for both firms involved, indicating positive market sentiment towards the deal.
Ongoing Talks Result in Stock Price Increases
The ongoing discussions between CapitaLand Investment and Fosun International regarding the acquisition of a stake in Club Med have generated interest among investors, leading to stock price gains for both companies. The successful completion of the deal could further solidify CapitaLand Investment’s position in the luxury resort industry.
CapitaLand Investment Poised to Strengthen Position in Luxury Resort Industry
CapitaLand Investment’s advanced negotiations to acquire a minority stake in Club Med highlights the company’s strategic move to expand its presence in the luxury resort sector. With talks progressing smoothly and stock prices on the rise, CapitaLand Investment is positioned to enhance its portfolio and establish a stronger foothold in the industry.
Source : Fosun in Negotiations to Sell Club Med Stake to CapitaLand of Singapore