Firm buys majority Spanish club stake

Rastar pays 17.8m euros for Espanyol

Rastar Group Co Ltd, a Shenzhen-listed toy and video game manufacturer, has become the first Chinese enterprise to own a majority stake in a Spanish soccer team, after securing a 56 percent participation in Real Club Deportivo Espanyol.

The Guangdong-based company announced it will pay 78 euros ($86) in cash for each share in the Catalan club, valuing the stake acquisition at 17.8 million euros.