Suning & BC Partners Talks Enter Crucial Phase While Bain Capital Withdraws Inter Interest, Italian Media Report

Suning & BC Partners Talks Enter Crucial Phase While Bain Capital Withdraws Inter Interest, Italian Media Report
February 11, 2021 12:45
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SempreInter.com

Suning’s talks with BC Partners over the potential sale of Inter have reached a crucial stage, according to an Italian newspaper report today.

Tuttosport, via their print edition, explained that negotiations between the parties remained alive and they were continuing to discuss the most delicate aspects.

There should be clarity at the latest by the end of the week when Suning, who want more than the €800 million BC Partners have offered for the majority, should have given a definitive response to the British-based private equity fund.

The report from the Turin-based publication added that interested in Inter was not limited to just BC Partners, however, with several other groups thought to be keen.

Many funds have asked Goldman Sachs, who are working as an advisor for Suning as they seek a new financial partner, about Inter and some have made an approach to carry out a preliminary analysis of the Nerazzurri’s accounts.

US fund Bain Capital were among the groups interested, but after glancing at Inter’s accounts they decided against entering into any real negotiations because they feel it is better for them to invest into a league rather than a club.

By Cammy Anderson
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