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Caisse des Depots Raises Stake in Club Med to 5 Percent

Oct. 15 (Bloomberg) -- Caisse des Depots et Consignations, France’s largest financial institution, raised its stake in Club Mediterranee SA, the French operator of holiday resorts worldwide, to 5 percent, the stock market regulator said in a statement on its website published yesterday.

The shares were bought in the market, the regulator said.

To contact the reporter on this story: Alan Katz in Paris at akatz5@bloomberg.net.

To contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.net.

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