UPDATE 6-China's Fosun raises offer for Club Med

viernes 19 de diciembre de 2014 14:14 GYT
 

* New Chinese-led bid values company at 939 million euros

* Italian Bonomi has until Jan. 7 to respond

* Bonomi's Global Resorts says reviewing options (Adds postponement of shareholders meeting)

By Dominique Vidalon

PARIS, Dec 19 (Reuters) - Chinese billionaire Guo Guangchang sweetened his bid for struggling Club Mediterranee at the last minute on Friday, trumping a 24 euro-a-share offer from Italian tycoon Andrea Bonomi in France's longest-running takeover battle.

The new 24.60 euro offer, made a few hours before Friday's 1700 GMT deadline, valued the holiday operator at 939 million euros ($1.15 billion). It is the eighth offer Club Med investors have been asked to evaluate since May 2013 when Guo first offered 17 euros.

The new offer will give Club Med "an opportunity to grow, with more resources, in its domestic market and in foreign markets where it must develop today," Jiannong Qian, head of Guo's Gaillon Invest II vehicle, told a news conference.

France's AMF regulator set a new deadline of 1700 GMT on Jan. 7 for Bonomi's Global Resorts vehicle to make another counterbid. A spokesman for Global Resorts said on Friday it was reviewing all its options.

The AMF has been seeking to bring the process to an end by reducing the deadline period after each bid.   Continuación...