Chinese Dalian Wanda Group completes the acquisition of Infront Sports & Media for €1.05 billion

The Dalian Wanda Group, a Chinese conglomerate specialised in the areas of entertainment, hospitality and real estate, has completed the acquisition, from the British private equity fund Bridgepoint, a majority share of the capital of the Swiss marketing and media agency Infront Sports & Media AG on 07/07/2015.

The amount of the acquisition was finalised at €1.05bn. Lincoln Zhang, chairman of Wanda Cultural Industry Group, becomes chairman of the board of directors of Infront Sports & Media AG. Jack Q Gao, vice president and CEO of the Wanda Group in charge of international investments and business developments, becomes vice chairman of the Swiss agency's board of directors.

The Swiss Philippe Blatter has been CEO of Infront Sports & Media AG since 2005.

• Infront Sports & Media, founded in 2003 by Robert Louis-Dreyfus and Klaus Jacobs, had been bought in 2011 by the British private equity fund Bridgepoint, for €550m, from Jacobs Holding and shareholder Martin Steinmeyer.

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