A Chinese property group is close to buying Sunseeker, Britain's largest luxury yacht maker by sales, underscoring the growing appetite for European luxury assets among Chinese buyers.
Dalian Wanda is expected to pay about £300 million for Sunseeker, according to people with knowledge of the matter. The transaction is likely to be finalized before the end of this month.
"We bought the best yacht company in the UK," Wang Jianlin, the chairman and founder of Beijing-based Wanda, said, although he did not name Sunseeker.
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The acquisition of the yacht maker, which is based in Poole, Dorset, highlights the growing number of Chinese companies trying to acquire top-end brands and technology in Europe to satisfy domestic hunger for western luxury and fashion.
Mr Wang is a well-known fan of Sunseeker yachts. In 2010, his group bought a rocket-shaped Sunseeker Predator 108 Special Edition, which is used by the villain in the James Bond movie Casino Royale .