Mar 30, 06:35 AM

Dalian Wanda Sells 60% Stake in Mall Unit to PAG-Led Investors for $8.3 Billion

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.

#Dalian Wanda #PAG #Zhuhai Wanda

Written with ChatGPT (GPT-3).

Sources

CN Wire@Sino_Market
3 years ago
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
Caixin Global@caixin
3 years ago
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
Fons Tuinstra, China Speakers Bureau@fonstuinstra
3 years ago
China Developer Wanda Sells 60% of Mall Unit in US$8.3 Billion Deal - Reuters https://t.co/qI2hML0gtr

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