Chinese corporation behind swoop on House of Fraser lines up a £1.1bn lending facility to support ‘business opportunities’ and takeovers



The Chinese corporation behind a swoop on House of Fraser has lined up a £1.1 billion lending facility to support ‘business opportunities’ and takeovers.
Fullshare has confirmed the financing just days ahead of an expected update on talks that could see the Hong Kong-listed company and its business partners seize a majority stake in the famous department store chain. Leisure and property conglomerate Fullshare is controlled by tycoon Ji Changqun, who is worth an estimated £3.9 billion.
Fullshare said its ‘VIP’ agreement with Bank of Communications Co in China, known as BoCom Bank, will... read more

 
1 April 2018 in Business, Views: 59
Source: Daily Mail
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