Ifil Group and Exor Group have reached an agreement with Accor for the sale of their stakes in Club Méditerranée.
Ifil Group will sell 6.36% of the capital stock of Club Méditerranée for a total minimum price of € 55.5 millions (€ 45 per share) and with a net capital gain of € 24.4 millions.
The agreement includes a potential price increase, up to a maximum of € 12 millions (€ 10 per share) over the next two years, based on the Club Méditerranée’s future economic and financial performance.
The transaction is subject to the approval by the competent antitrust authorities.
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