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Wanda Group has become the official owner of 20% of Spanish La Liga champions Atletico Madrid on Tuesday.
万达集团本周二正式成为西班牙足球甲级联赛冠军马德里竞技20%股权的拥有者。
The club announced on its website that the company Wanda Madrid Investment, which is part of the corporate1 conglomerate2 Dalian Wanda Group, Tuesday subscribed3 726,707 shares, representative of 20 percent of the club's share capital, for which they have paid 44.98 million euros, at 61,90 euros per share.
At their meeting, the club's board of directors has implemented4 the capital increase that was agreed upon by the Extraordinary General Shareholders5 Meeting celebrated6 the past February 24, thus finishing all the process that was made official in January in Beijing.
"Wanda Group is delighted with the possibility of contributing to the growth of Atletico de Madrid and the development of its brand in Asia, as well as being able to rely on their extraordinary experience in the training area, which no doubt will be very useful in the growth of base football in China." said Wang Jianlin, Chairman of Wanda Group.
Wanda's move was among a wave of Chinese capital flowing to top European clubs.
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