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Announced

Shanghai Jiushi to acquire the share of Shanghai Shimao Real Estate Development from Shimao Group for $167m.

Financials

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Transaction Value£123m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Majority

Real Estate Holding and Development

China

Single Bidder

Pending

Acquisition

real estate

Friendly

Domestic

Synopsis

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Shanghai Jiushi, a Chinese state-owned enterprise, agreed to acquire the share of Shanghai Shimao Real Estate Development from Shimao Group, a Chinese real estate company, for $167m.

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