logo - club medItalian businessman Andrea Bonomi has lodged a last-minute bid to buy Club Mediterranee for €21 a share, valuing the iconic resort business at €790 million.

Mr Bonomi’s price – which was revealed yesterday, just hours before the bid deadline expired – trumps by 2o% a long-standing offer of €17.50 a share from business rival Ardian Sarl, backed by Chinese company Fosun International.

Mr Bonomi already owns around 10% of Club Med. See Bloomberg story.

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