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Wanda Group completes acquisition of Infront Sports & Media AG

13.07.2015

Dalian Wanda Group Co., Ltd., one of the leading Chinese conglomerates and China's largest investor in cultural and entertainment sector, announced today that it has closed the acquisition of the majority shareholding in Infront Sports & Media AG, one of the world's most respected and leading international sports marketing companies.

The transaction was completed with all customary conditions being fulfilled. The shares have been acquired from Bridgepoint, the European private equity firm. The transaction is valued at approximately EUR 1.05 billion (USD 1.2 billion).

To reflect the new ownership structure, Wanda representatives will join Infront's Board of Directors. Wanda Cultural Industry Group President Lincoln Zhang will take over as Chairman. Jack Q Gao, Wanda Group Vice President & CEO, International Investments and Business Developments, will act as Vice Chairman.

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