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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
Add BT as a preferred sourcePublished Thu, Dec 7, 2017 · 09:50 PM
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Hong Kong
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.
Fosun Tourism & Culture Group includes a Chinese joint venture with tour operator Thomas Cook Group and a luxury hotel in Hainan province as well as Club Med, according to IFR, a Thomson Reuters publication.
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