Club Med Owner Is Said to Near Buyout Bid to Delist in Hong Kong

Fosun Tourism Group is nearing a buyout offer to take itself private, people familiar with the matter said, as the owner of luxury resort chain Club Med SAS seeks to boost growth as a closely held firm.

Fosun Tourism is poised to propose buying back the remaining shares that Fosun Group doesn’t own and withdraw from its public listing in Hong Kong, the people said, asking not to be identified because the matter is private. The company may offer a cancellation price of HK$7.8 per share, representing a premium of more than 110% to its Nov. 25 closing price, the ...