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Club Med Board Approves $732M Fosun, AXA Buyout

By Jake Simpson (June 25, 2013, 12:50 PM EDT) -- A consortium of private equity investors led by China's Fosun International Ltd. and France's AXA Private Equity has secured the blessing of Club Mediterranee SA's board after increasing its buyout offer to €557 million ($731.6 million), Fosun announced Tuesday....

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