China’s Fosun International plans $500m IPO of tourism business

Fosun
A Club Med resort. Fosun became a majority shareholder in Club Med in 2010. Photo: Fosun website

Chinese conglomerate Fosun International is in talks with banks to list its tourism business, which includes French resort chain Club Med, to raise at least $500 million, IFR reported on Thursday, citing people familiar with the situation.

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