But the budget situation in France does not stimulusIn return the climate equipment has been particularly carefulParis index CAC 40 has ended on a drop of 9You focus more on the expert on the accountantWith the debt Fund the Rubicon was crossedWe are always looking for external expertiseChinese exporters are undergoing a severe shockThe indicator of unemployment rose from 25The decline is certainly sensitive and may still growThis funny film is not yet at its end clapRepeatedly evoked in recent years, the hypothesis of an assignment of the family group FRAM, fourth tour operator France and last great independent "HABs" actor resumed serious body with an unexpected initiator. Controlling 38,93 of the capital of the company and holder of a right of pre-emption, ex-dirigeante Marie-Christine Chaubet opened the door to a sale of the group, thus making outright flip-flops. It was in effect until now opposed to such a prospect and it was even declared ready for a resumption of the society. And, on behalf of his father died late 2006 , Philippe Polderman, one of the founders of Toulouse and long his leader. I took the decision to sell my participation in FRAM", announces in"La Tribune"of yesterday, indicating that it has given a mandate to sale to Patrick Grillat, associate founder of the NéUn15 February communication agency and Council of financial transactions.
"Marie-Christine is not pressed." "It is in the interest of everyone that an assignment is a majority block", specific to the "Echos" Vincent Doye, a relative of Patrick Grillat, commissioned as spokesman, adding: "We want to work in a peaceful setting."
In fact, Marie-Christine Chaubet harshly opposed two years his half-brother and Chairman of the Supervisory Board, Georges Colson, seizing even justice felt, defend its interests and those of the society then.
Holder of 39,70 of the capital, Georges Colson received, end of 2006, the replacement of his half-sister to the chairmanship of the Executive Board and the designation then of Antoine Cachin, a manager recognized sector (Club Med, Havas Voyages and Thomas Cook). To do this, he received the valuable support of Air France (8.71 of the capital) and the family her sister Vieuille (8.49).
New deal
Despite his release on the sidelines, Marie-Christine Chaubet, who has long worked hand in hand with Georges Colson, however retained real power to influence. Wishing to defend the independence of FRAM, on behalf of his father, it has thus torpedoed, to the end of 2007, a project of resumption of Thomas Cook. The latter is is since caught with the acquisition, this summer, Jet Tours, at the expense of Kuoni. The ex-dirigeante also apply to the redemption of the shares of his half-brother, a contrario opened a capital change that would make sense on the strategic plan. Traffic has not been directly informed, Georges Colson does not hide that this shift marks a new deal. "This brings to think." I have already taken over 20 of the capital Editor's note, thus bringing its participation 39,70 end 2005. It's huge. "I have not the means to do more," he said before admitting that the change of position of his half-sister could facilitate a transfer of the company. "40 40, it is more easy Editor's note, for a potential sale 40 alone", recognizes. However the Chairman of the Supervisory Board wishes to emphasize that beyond its "interest, there is a business first". Same sound of a Bell in Air France.
In the context of reconstruction of the Tower-operating French, the resumption of FRAM, upgrading would be of the order of 150-200 million euros, could be crucial, according to the nature of the buyer. The tour operator, which began its recovery after a difficult pass, is no shortage of attraction with, among others, a mark and a quality of the offer recognized, and a still strong customer base. According to Vincent Doye, possible "financial and industrial investors" would be to the lookout.
With large operators, the issue is not thin, but such an operation does not intervene at the best time, as the economy remains troubled. The number one European TUI Travel has a sacred site with the development of synergies between its two subsidiaries, the Group new frontiers and Marmara. Probably more complementary, Thomas Cook, TUI arch-rival, must, for its part, Digest Jet Tours. While having a high positioning of range, Kuoni could find complementarities, but it is not sure whether the Swiss parent company, very horseback on the profitability, is partante. Similarly, the integration of FRAM would not simple that financial and operational level for the Canadian Transat, owner of Vacances Transat and Look France travel.