Suning are set to welcome Oaktree as a new shareholder at Inter after the parties agreed a €300 million financing deal, according to a report in the Italian media today.
As per Corriere dello Sport’s print edition, Oaktree have beaten Bain Capital in the race to invest at Inter and negotiations with Suning are all but finished.
The US-based firm is destined to buy into Inter and become a shareholder, which explains why their talks have dragged on for so long.
Oaktree were initially due to provide Inter with €250 million, but the fee has since risen to €300 million for this precise reason.
Part of the money paid to Suning will be used to ease pressure on Inter’s accounts, although it will be sent to Great Horizon (Suning’s holdings company) first before being redirected to the Nerazzurri.
The rest of that money will be used to buy out LionRock Capital’s 31% stake in the club, although Suning only needed around €30 million to do that.
LionRock Capital’s shares at Inter are valued at €170 million, but Suning financed their arrival at Inter by supplying a loan for around €140 million.
It cannot be excluded meanwhile, the Rome-based paper added, that Oaktree could take control at Inter and become their new owners at some point in the future.
