Jun
28
Wanda Property Deal Faces Hurdles as APG Balks Over Price
By-
$460 billion Dutch fund manager says Wang’s offer is too low
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BlackRock stands to be biggest loser if deal goes through
Billionaire Wang Jianlin is facing hurdles in his buyout bid for Dalian Wanda Commercial Properties Co., which could be the biggest privatization Hong Kong’s ever seen, after a $460 billion Dutch fund said the offer is too low.
“We have concerns about the privatization plan” because the offer isn’t attractive, Yoo-Kyung Park, a director in charge of corporate governance at APG Groep NV’s asset-management arm, said in an interview in Hong Kong. APG hasn’t made a decision on which way it will vote on the $4.4 billion transaction, she said…
Wanda Property Deal Faces Hurdles as APG Balks Over Price
