China's Wang to take stake in Atletico: reports


Wang Jianlin, chairman of Wanda commercial properties, attends a ceremony during the debut of the company at the Hong Kong Stock Exchange December 23, 2014. REUTERS/Tyrone Siu

MADRID (Reuters) - Chinese billionaire Wang Jianlin has agreed to buy a 20 percent stake in La Liga champions Atletico Madrid, Spanish media reported on Monday.

The deal with Wang, who controls the Dalian Wanda Group conglomerate and is a keen football fan, will be announced in Beijing on Wednesday, according to the reports in sports dailies Marca and As.

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