COLI shows ambition with $4.8b Citic land deal

Developer buys the real estate assets of its state-owned peer for $4.8 billion, the largest property deal between two Chinese SOEs. More such M&A could follow.

Richard Morrow

March 14, 2016

China Overseas Land & Investment took a major step forward in consolidating China’s fragmented property sector on Monday after it agreed to buy Citic Group's land bank in a $4.8 billion deal.

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