China’s Rastar Group Acquires 56% Stake in Espanyol

China’s Rastar Group has confirmed it is set to purchase a 56% controlling stake in Spanish LaLiga club Espanyol.

The company said it will pay €78 (£55) for each share of the La Liga club for a 45.1-56% stake in a deal valued between €14.3-17.8m (£10.1-£14m).

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