PARIS (Dow Jones) --Most of French resort operator Club Mediterranee SA's (CU.FR) real estate assets will eventually be sold, the company's Chief Executive Henri Giscard d'Estaing said Friday in an interview with Dow Jones Newswires.
The company plans to focus its activities on managing the resorts, and its real estate strategy is "asset light," Giscard d'Estaing said.
"Most of the (real estate) assets that we fully own are set to be sold," Giscard d'Estaing told Dow Jones Newswires, after the company presented its 2009 full-year earnings.
Some of these assets can't be immediately sold, notably those located in French overseas territories as Club Mediterranee has been granted subsidies by the
