French holiday firm Club Med looks set to be taken over by two of its shareholders in a deal that values the company at 541m euros (£463m; $700m). AXA Private Equity and China's Fosun are behind the bid, which Club Med's management described as "friendly". via Pocket http://www.bbc.co.uk/news/business-22678970#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
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