Fosun readies euro loan for Club Med buyout

The Chinese conglomerate is expected to close syndication on dual tranche euro facility to fund its Club Med buyout early March.

Fosun readies euro loan for Club Med buyout

Fosun International, the Chinese conglomerate founded by billionaire Guo Guangchang, is tapping lenders for a euro-denominated loan to fund its acquisition of France’s Club Mediterranee Club Med, which operates luxury resorts in the Maldives and Phuket.

Credit Agricole, Natixis and Societe Generale are arranging the loan and seeking to syndicate the facility to a group of primary lenders.

According to a source familiar with the matter, the size of the facility is still to be determined and...

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