(Reuters) - China's Rastar Group said on Monday its Hong Kong unit will buy up to 56 percent stake in Spanish soccer club Espanyol as mainland companies continue their investment in European clubs.
Principally engaged in model car and related raw materials business, the company said it will pay 78 euros (55 pounds) for each share of the La Liga club for a 45.1-56 percent stake in a deal valued at between 14.3 million and 17.8 million euros ($15.8 mln-19.6 mln).
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