Suning Still Talking To BC Partners Despite Disagreement Over Inter Price, Italian Media Claim

Suning Still Talking To BC Partners Despite Disagreement Over Inter Price, Italian Media Claim
March 31, 2021 13:30
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BC Partners remain in the running to buy Inter from Suning, according to a report in the Italian media today.

A report yesterday said Suning had given up on their talks with the British-based private equity firm due to a disagreement over price.

However, Corriere dello Sport’s print edition says BC Partners are still in contact with the Nerazzurri’s owners, even if the parties remain distant on valuations.

Suning believe Inter is worth €1 billion while BC Partners have only offered €750 million to take over the club.

Suning have secured a €250 million loan from Goldman Sachs to see them through until the end of the season, but the Nerazzurri could still be sold (at least in part) in the summer.

Saudi Arabia’s Public Investment Fund (PIF) are interested in becoming minority shareholders, although they too are not seeing eye to eye with Suning over their valuations of Inter.

What seems certain, the Rome-based paper explained, is that Goldman Sachs will play an even greater role in the talks to sell Inter than they were previously, having now loaned Suning the money they needed until May.

By Will Beckman
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