Suning Still Open To BC Partners Sale After Improved €800M Offer For Inter, Italian Media Report

Suning Still Open To BC Partners Sale After Improved €800M Offer For Inter, Italian Media Report
February 26, 2021 13:15
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SempreInter.com

BC Partners are not out of the running to become Inter’s new owners just yet, according to a report in the Italian media today.

As per Corriere della Sera’s print edition, while Suning have guaranteed they will honour all the club’s financial commitments for the remainder of 2021, they have not closed the door on reaching a deal with the British-based private equity group.

BC Partners are said to have increased their offer to buy Inter to €800 million, a slight improvement on their reported previous proposal of €750 million.

The Zhang family are continuing their search to secure a financial partner to help them cover all the Nerazzurri’s costs.

Suning are in a difficult spot as a company as well and are reportedly prepared to sell off shares worth up to 25% in order to strengthen the group’s finances.

Chinese billionaire Jack Ma could take control of Suning.com via his Alibaba group, the report explained, or it could be the Chinese state which gets involved directly.

Suning’s shares were suspended on the Shenzhen stock exchange yesterday, pending new communications from the company on their future.

 

By Will Beckman

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