UK fund Polygon acquires 5.62 pct stake in Club Med -AMF

PARIS Fri May 30, 2014 3:04pm EDT

PARIS May 30 (Reuters) - British fund Polygon Global Partners LLP has acquired a 5.62 percent stake in French tourism group Club Mediterranee, French regulator AMF said in a statement on Friday.

Gaillon Invest, the investment vehicle of French fund Ardian and Chinese group Fosun, has made a takeover offer for Club Med. The AMF has given Italian businessman Andrea Bonomi until the end of June to launch a counter bid. (Reporting by Geert De Clercq; editing by Jane Baird)


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.