PIF Aiming For 30% Inter Stake Valued At €300M By Suning, Italian Media Claim

PIF Aiming For 30% Inter Stake Valued At €300M By Suning, Italian Media Claim
March 4, 2021 12:15
( )

Saudi Arabia’s Public Investment Fund (PIF) are aiming to acquire a 30% stake in Inter, according to an Italian media report today.

As per Gazzetta dello Sport’s print edition, the fund, who are headed by Saudi royal family member Mohammad bin Salman, are interested in taking over 30% of shares in the Nerazzurri, which Suning value at around €300 million.

Suning, who are determined to remain in charge of Inter, recently sold 23% of Suning.com for €1.9 billion and this influx of cash has reduced the urgency to evaluate offers for the club.

BC Partners and Fortress have also shown a concrete interest in investing into Inter, but an eye should be kept on PIF.

The Milan-based publication go on to explain that obtaining a stake in Inter would be a strategic move in the diversification of the Saudi economy.

Milan is considered as a central city in their ideas for expansion for luxury and culture, so much so that a few years ago a group of Saudi individuals tried to join La Scala’s board of directors.

By Cammy Anderson

Photo – Ashley Young Enjoys Inter Teammates Piling Onto Romelu Lukaku: “Team Spirit, Rom…”

May 7, 2021 06:30
( )

Ashley Young was in no mood to help Romelu Lukaku as his Inter teammates ganged up on the Belgian in training. Inter’s players were on…

Photo – Inter’s Arturo Vidal Celebrates With Chile Teammate Alexis Sanchez: “We’ve Achieved Incredible Things!”

May 7, 2021 05:30
( )

Arturo Vidal has paid tribute to Alexis Sanchez after Inter’s Chilean duo won the Serie A title together. The Nerazzurri were confirmed as champions with…

Photo – Inter Striker Andrea Pinamonti Celebrates Serie A Title: “Extraordinary Team, An Indescribable Joy!”

May 7, 2021 04:30
( )

Andrea Pinamonti could not find the words to explain his emotions after Inter’s players celebrated the Serie A title together. The Nerazzurri were confirmed as…

Photo – Inter Defender Stefan De Vrij Beaming After Serie A Title Secured: “I M Scudetto!”

May 7, 2021 03:30
( )

Stefan de Vrij is on cloud nine after Inter’s players celebrated the Serie A title together in midweek. The Nerazzurri were confirmed as champions with…

Photo – Steven Zhang Thanks Inter Players & Staff For Serie A Title: “Big Family!”

May 7, 2021 02:30
( )

Inter president Steven Zhang has thanked everyone at the club for helping secure the Serie A title. The Nerazzurri were confirmed as champions with four…

Video – Inter Celebrate 23 Years Since Nerazzurri’s UEFA Cup Triumph Against Lazio

May 7, 2021 01:30
( )

Inter celebrated a very special anniversary on Thursday by looking back at one of the club’s greatest European triumphs. The Nerazzurri won the UEFA Cup…

Close

Subscribe

to our newsletter