Dalian Wanda completes Sunseeker takeover

By Jonathan Sweet
August 29, 2013
Filed under News

China’s Dalian Wanda group has completed its purchase of British yacht maker Sunseeker, the BBC reports.

The Chinese conglomerate will own about 92 percent of the company, in a deal first announced in June.

Sunseeker has said that there will be no job losses due to the purchase and that the company will remain based in the U.K.

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