Chinese conglomerate Fosun International Limited (SEHK:656), is exploring the sale of a minority stake in its luxury resort chain Club Med SAS, targeting a valuation of $800 million for the whole business, according to two people with knowledge of the matter. Fosun has been in informal discussions with potential buyers and advisers about the sale in recent months, but no firm bid has emerged, said the two sources and a third person with knowledge of the matter. Fosun could sell as much as a 30% stake in Club Med, said one of the sources.

The sources declined to be named because the discussions are confidential. Fosun and Club Med did not immediately respond to requests for comments. In November 2022, Bloomberg reported Fosun was informally fielding interest in Club Med based on a full-business valuation of $1.5 billion.

At the time, Fosun said it had "no plans" to sell the all-inclusive resort operator. Fosun's move to sell a minority stake in Club Med comes as global tourism is expected to fully recover from the pandemic this year.