Club Med: Andrea Bonomi about to launch its cons-OPA
Under pressure from the Autorité des marchés financiers (AMF) , Andrea Bonomi must indicate , Monday, June 30 before 18 hours, if not a deposit or tender offer (OPA) on the French holiday group already coveted by the French fund Ardian himself allied with Chinese conglomerate Fosun. A priori, the Italian businessman seems determined to launch .
A final meeting with various consultants working for Mr. Bonomi, including Lazard, lawyers Cleary Gottlieb, and communication agency Havas Media, was scheduled in the morning.
"This is where we must give or not "go" to the operation. The intention is there to go , but it should of course check various elements, in particular the financing of the project, "said a close discussions . The OPA Mr. Bonomi would occur at a price obviously higher than that of the Franco-Chinese offer on the table, which values the club at 558 million euros. If no deposit offer, the Italian financier can no longer run for six months, according to exchange rules.
MEANS OF AMBITIONS
Since the MFA, May 27, Mr. Bonomi to clarify its intentions, this unassuming figure of Italian capitalism has plunged in detail in the accounts of the Club Med, its business model, its performance.
This further analysis has clearly increased its interest in the company, despite its current difficulties and losses. He felt that the specialist holidays all inclusive vacation has been mismanaged, without having the means necessary to its ambitions, but he can bounce back .
Mr. Bonomi is already the largest shareholder in the French group . As too low the price offered by Fosun and Ardian he had committed since mid-March an operation to block the takeover by buying blocks of shares in exchange . This collection has allowed him to hold a little over 10% stake.