
Chinese conglomerate bids to acquire London’s Olympia7th April 2017 | published by EW SHARE
A Chinese industrial conglomerate, HNA Holding Group Co., is bidding to acquire the Olympia exhibition centre in west London for US$375m.
Bloomberg has reported the Chinese company, which bought a stake in Deutsche Bank recently, teamed up with Bugsby Property LLC to approach Olympia owners Capital & Counties (CapCO) to buy its venues unit (which includes Olympia).
Bloomberg said sources close to the bid were speculating that a separate bid from a group including Yoo Capit...
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