In negotiations: Wolverhampton Wanderers chairman Guo (left) at an English Premier League match. The billionaire, who also owns Club Med through its listed leisure arm Fosun Tourism Group, is reportedly in talks with CapitaLand Investment. — Reuters
SINGAPORE: Singapore’s CapitaLand Investment Ltd is in advanced talks to buy a minority stake in French luxury resort chain Club Med SAS from its Chinese owner Fosun International Ltd, according to people with knowledge of the matter.
The real estate investment firm, part of Temasek Holdings Pte-owned conglomerate CapitaLand Group Pte, is seeking to acquire from 20% to 30% in the hotelier for several hundred million euros, the people said, asking not to be identified because the information is private.
