Chinese Group Yida International Investment has formally expressed interest in Esselunga, Italy’s fourth-largest supermarket chain, Italian daily la Repubblica reported on Thursday [15 June 2017]…Full Article: The Global Times June 2017

Key Points

  • Yida International offered EUR 7.5 billion euros (USD 8.38 billion) for Italy’s Esselunga supermarket chain.
  • In September 2016, the private equity funds of Blackstone (USA) and CVC Capital Partners (Luxembourg) offered approximately EUR 4 billion to EUR 6 billion for Esselunga.

ChinaAg Comment

  • Founded in 2011 and headquartered in Beijing, Yida International Investment’s financial interests include real estate, mining, health care, and horse racing.

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