SHANGHAI :
Wanda Denies Investing in France's Macron-Blocked Europacity Project
Xu Wei
DATE:  Nov 08 2019
/ SOURCE:  yicai
Wanda Denies Investing in France's Macron-Blocked Europacity Project Wanda Denies Investing in France's Macron-Blocked Europacity Project

(Yicai Global) Nov. 8 -- Chinese property firm Dalian Wanda Group has denied investing in a development on the outskirts of Paris after French President Emmanuel Macron blocked the project from going ahead.

Europacity is an investment project led by a French consortium, the firm said online today, adding that it was only involved in design work for the 80 hectare development, which had received a total EUR3 billion (USD3.3 billion) in investment.

Macron blocked the development yesterday to the joy of environmental groups but chagrin of local governments, according to a Nouvelles D'Europe report that said the project was Wanda's largest in Europe.

Follow Yicai Global on
Keywords: