Suning Could Accept €800M BC Partners Offer For Inter Soon, Italian Media Claim
Suning could accept BC Partners’ offer to buy Inter in the coming days, according to an Italian newspaper report today.
As per Corriere della Sera’s print edition, negotiations between the two parties have been taking place for three months now and BC Partners have raised their offer to €800 million.
BC Partners partner and executive committee member Nikos Stathopoulos spoke yesterday, confirming the group were exploring the possibility of investing in an elite football club.
The Milanese publication suggested Stathopoulos’ comments showed the British-based private equity fund were ‘cautiously optimistic’ about getting a deal done for Inter.
Suning’s initial idea was to only sell a minority stake in the club, the report continued.
Given events in China last week though, when Suning sold 23% of Suning.com to bring in some much-needed cash, it is now said to be far from inconceivable that they agree to sell Inter altogether.
Saudi Arabia’s Public Investment Fund and US group Fortress have also reportedly made offers for Inter.