China’s IDG to acquire 20% of France-based Olympique Lyonnais
China’s IDG Capital Partners has agreed to take a 20% stake in OL Groupe, the holding company of French football club Olympique Lyonnais, for a total of EUR100 million ($112 million).
According to a statement, IDG will buy 11.59 million new shares of OL at EUR3.34 apiece, representing a premium of 18.54% of its last trading price. The Chinese GP will also buy 200,625 convertible bonds...
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