Reported 5 months ago
Private equity firm PAG is considering purchasing Dalian Wanda Group Co.'s shopping mall properties in a potential deal that could value the real estate assets at up to $13.8 billion. PAG might raise a fund and involve other investors for the transaction, while Wanda could use the proceeds to reduce debt. This move follows PAG's earlier acquisition of control of a Wanda unit, and discussions are still in early stages with details like asset value not finalized.
Source: YAHOO