Death toll rises in tun­nel ex­plo­sion

China Daily (Canada) - - FRONT PAGE -

Dalian Wanda Group is in­ter­ested in pur­chas­ing a 30 per­cent stake of Ital­ian soc­cer teamACMi­lan, as the com­pany con­tin­ues its shop­ping spree to build a sports em­pire in Europe.

Wanda, which con­trols the na­tion’s big­gest prop­erty de­vel­oper and largest cinema chain, is con­sid­er­ing pay­ing $170 mil­lion for the mi­nor­ity stake in the team, ac­cord­ing to Ital­ian news­pa­per Il Sole 24 Ore.

The prop­erty de­vel­oper may also be plan­ning to build AC Mi­lan’s new sta­dium in the Portello dis­trict. The real es­tate gi­ant de­clined to com­ment on the news.

Lo­cal me­dia re­ported that Thai in­vestor Bee Taechaubol has also held ne­go­ti­a­tions with for­mer Ital­ian prime min­is­ter and AC Mi­lan pres­i­dent Sil­vio Ber­lus­coni.

Bee Taechaubol, who owns a real es­tate em­pire in Thai­land, is said to be will­ing to pay for a ma­jor­ity stake in the club. How­ever, lo­cal me­dia sug­gested that Ber­lus­coni would fa­vor a Wanda of­fer for the Ros­soneri team as Wanda pledged to help the club in its ob­jec­tive to build the new sta­dium.

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