A Chinese property group is in advanced talks to buy Sunseeker, Britain’s largest luxury yachtmaker by sales, underscoring the growing appetite for European luxury assets among Chinese buyers.
Dalian Wanda, which is based in Beijing, is expected to pay about £300m for Sunseeker if a deal is agreed, according to people with knowledge of the matter. The transaction is likely to be finalised before the end of this month.
“We bought the best yacht company in the UK,” Wang Jianlin, the chairman and founder of Wanda, told the Financial Times, although he did not name Sunseeker.
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