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​Quantum Pacific Group increase stake in Atletico Madrid

Quantum Pacific Group, an entity led by Israeli billionaire Idan Ofer, has more than doubled its stake in Atltico Madrid after agreeing a deal to acquire the interest held in the Spanish LaLiga football club by Chinese conglomerate Wanda Group, reports SportBusiness.

Atltico announced that Quantum will acquire Wanda's 17 per cent stake, adding the Chinese firm's decision to divest its interest was part of its "global strategy".

Read more on Tribal Football

02-15-2018 02:22
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