Publisher: Maaal International Media Company
License: 465734
Monday, 21 April 2025
China developer Wanda sells 60% of mall unit in $8.3 bln deal
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.
Dalian Wanda will retain 40% in Newland Commercial Management, the holding company of Zhuhai Wanda Commercial Management Group Co, the statement said.
CITIC Capital, the Abu Dhabi Investment Authority, Mubadala Investment Company and Ares Management Corporation were also joint investors in the deal.
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