Don't miss




Dotard: an educational insult

Read more

#TECH 24

Medtech: Repairing the human body

Read more


Jennifer Lawrence on why she's unafraid to speak out

Read more

#THE 51%

Hola "Ellas Hoy" - The 51 Percent welcomes its sister show on FRANCE 24 Spanish

Read more


A stroll through the Corsican city of Calvi, jewel of the Mediterranean

Read more


The torment of Christians living in Syria’s Khabur valley

Read more


'Generation Merkel' yearns for continuity and stability

Read more


Amazon rainforest pays heavy price for Brazil's political crisis

Read more


Presidential election re-run pushed back to October 26th

Read more


Bernard Tapie denies Club Med takeover plans

Latest update : 2009-05-11

French businessman Bernard Tapie denied intentions to launch a takeover of holiday company Club Med but said he may decide to take a stake in the company by June 15.

AFP - French businessman Bernard Tapie said on Monday that he would make a decision on taking a stake in holiday company Club Med by June 15.
Tapie told AFP that he had no intention of launching a takeover of Club Med at the moment because any stake he would acquire would of necessity be a minority one.
Club Med shares soared late last month on speculation there would be a buyer of the company.
Tapie also said he welcomed the fact market regulator AMF was looking at the issue and he hoped it would identify those who he said had been spreading rumours about his interest in Club Med in order to boost the share price and make any acquisition of a stake more expensive for him.
Tapie pointed out that he held no shares in Club Med and had "no intention of taking part, directly or indirectly" in the company's current cash-raising plans.
On Monday, Club Med shares lost nearly nine percent while the broader Paris market was down nearly two percent.
Tapie earlier talked about speculation in the stock when it rose sharply at the end of April and earlier this month on rumours of a takeover.
On Monday, Club Med asked the market regulator to open an enquiry into trading in its shares, citing what it termed "contradictory statements" by Tapie.

Date created : 2009-05-11