China's Fosun files for Club Med IPO in Hong Kong, seeks up to $700m

China's Fosun files for Club Med IPO in Hong Kong, seeks up to $700m

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

Fosun International plans to float its Club Med holiday business in Hong Kong and raise up to $700 million, sources said on Tuesday, three years after it won the global resorts operator in a long-running takeover saga.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter