Fosun to list tourism arm to raise US$500m; HK likely to be listing venue
Group includes JV with Thomas Cook Group, Hainan hotel, Club Med
Fri, Dec 08, 2017 - 5:50 AM
Fosun has been in the vanguard of China's global dealmaking spree over the past few years, snapping up assets including a Portuguese insurer, and stakes in Folli Follie and Cirque du Soleil.
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 US$500 million, IFR reported on Thursday, citing people familiar with the situation.