China's HongShan buys majority stake in Marshall Group in $1.15 bln deal

STOCKHOLM, Jan 24 (Reuters) - HongShan Capital Group said on Friday it has struck a deal to acquire a majority stake in Marshall Group in a deal valuing the audio equipment maker at 1.1 billion euros ($1.15 billion).

Swedish telecom group Telia (TELIA.ST) said separately it has agreed to sell its 9.6% stake in Marshall Group to HongShan Group for 1.15 billion Swedish crowns ($105 million).

($1 = 10.9310 Swedish crowns)