The Singaporean firm has emerged as the likeliest buyer for the stake after outbidding other rivals including private equity firms, the people said.
CapitaLand Investment is in advanced talks to buy a minority stake in French luxury resort chain Club Med from its Chinese owner Fosun International, according to people with knowledge of the matter.
The real estate investment firm, part of Temasek Holdings-owned conglomerate CapitaLand Group, is seeking to acquire from 20% to 30% in the hotelier for several hundred million euros, the people said, asking not to be identified because the information is private.
