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UK fund Polygon acquires 5.62 percent stake in Club Med - AMF
May 30, 2014 / 7:09 PM / 3 years ago

UK fund Polygon acquires 5.62 percent stake in Club Med - AMF

PARIS (Reuters) - British fund Polygon Global Partners LLP has acquired a 5.62 percent stake in French tourism group Club Mediterranee, French regulator AMF said in a statement on Friday.

Gaillon Invest, the investment vehicle of French fund Ardian and Chinese group Fosun, has made a takeover offer for Club Med. The AMF has given Italian businessman Andrea Bonomi until the end of June to launch a counter bid.

Reporting by Geert De Clercq; editing by Jane Baird

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