Inter’s Chinese owners, the Suning Holding Group have struck a trading agreement with fellow Chinese company the Evergrande Group, Chinese media outlet Sina report.
The deal focuses on real estate, global co-operation and a number of other areas. The Evergrande Group, who own Chinese footballing powerhouse Guangzhou Evergrande in the Chinese Super League, have initially invested 20 billion yuan in the deal which is equivalent to €2 billion euros. By 2020, they hope to have more than tripled their investment.
Moreover, as part of the deal presented today, the Evergrande Group have acquired a 4.7% minority stake in Suning Holding Group.
Suning Sports Group bought 70% of the shares at Inter in June 2016, effectively ending Massimo Moratti’s 21 year reign in charge of the club when buying all of his shares as well as 40% of Erick Thohir’s shares bringing the Indonesian typhoons ownership share to 30%. Erick Thohir himself took charge of Inter when he acquired 70% of The nerazzurri from Massimo Moratti in 2013.
