Hosted on MSN11mon
Wanda to Cede Control of Its Mall Unit in $8.3 Billion Deal
(Bloomberg) -- Dalian Wanda Group Co. has agreed to cede control of its shopping mall unit in a deal worth 60 billion yuan ($8.3 billion), implementing a December agreement to restructure Zhuhai ...
Hosted on MSN11mon
China's Dalian Wanda sells control of its shopping malls
Hong Kong-based private equity firm PAG is leading an $8.3 billion deal for a 60% stake in China's largest shopping mall operator, from Dalian Wanda. Why it matters: Dalian Wanda is gasping for ...