Wuhan Double to purchase European sports agency

Date: 19 Apr 2016

Wuhan Double Co., Ltd. plans to acquire a 100% stake in  Nice International Sports Ltd., a European sports agency, for €39.5m.

According to Wuhan Double, this purchase could foster cooperation in the transfer of sports personnel to meet the demands of high-level athletes. This deal is the latest example of a Chinese company pursuing M&A overseas in the hope of providing better services and tapping into the European sports marketing industry.

Wuhan Double was founded in 1992 and is focused on investing and consulting the in film and television , sports, media, animation and video game sectors.

Disclaimer
The information on this page may have been provided by a contributor to ChinaGoAbroad, and ChinaGoAbroad makes no guarantees about the accuracy of any content. All content shall be used for informational purposes only. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting such content (including texts, pictures, photos and diagrams) to ChinaGoAbroad for publication. ChinaGoAbroad disclaims all liability arising from the publication of any content/information (such as texts, pictures, photos and diagrams that infringe on any copyright) received from contributors. Links may direct to third party sites out of the control of ChinaGoAbroad, and such links shall not be considered an endorsement by ChinaGoAbroad of any information contained on such third party sites. Please refer to our Disclaimer for more details.
Top