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Chinese real estate conglomerate Dalian Wanda has agreed to sell a 60% stake in its shopping mall unit for $8.3 billion to a group of investors led by private equity firm PAG. The deal follows a December agreement to restructure Zhuhai Wanda.
A group of investors led by private equity firm PAG on Saturday announced an investment of $8.3 billion for a 60% stake in Chinese property giant Dalian #Wanda's mall unit. CITIC Capital, the Abu Dhabi Investment Authority, Mubadala Investment Company and Ares Management… https://t.co/sPAdSzotWV
Dalian Wanda Group Co. has agreed to cede control of its shopping mall unit in a deal worth $8.3 billion, implementing a December agreement to restructure Zhuhai Wanda. https://t.co/swDDH6woVo
China Developer Wanda Sells 60% of Mall Unit in US$8.3 Billion Deal - Reuters https://t.co/qI2hML0gtr
