Bahrain-based fund InvestCorp will make a formal offer to buy Inter Milan from Suning soon, but there’s no guarantee of a positive response.
This according to today’s print edition of Turin-based newspaper Tuttosport, via FCInterNews.
Rumours about a possible change in owner have been persistent in recent years.
And in the past couple of days, another round of reports have come out.
These have centred around the possibility of an offer that would actually be large enough to meet Suning’s valuation.
Specifically, Bahrain-based fund InvestCorp have been at the centre of these rumours.
This is not the first time that there have been linked between the fund and a possible purchase of Inter.
But recent reports suggest that InvestCorp have indicated that they are willing to make an offer as high as €1.3 billion to purchase Inter.
InvestCorp To Make Formal Offer To Buy Inter Milan Soon – Ball In Suning’s Court
According to Tuttosport, InvestCorp’s formal offer will arrive very soon.
The Bahrain-based fund believe that they can put enough on the table that Suning will accept.
The reported amount that they have indicated they will offer would certainly exceed the €1 billion that Suning want. It would be a larger amount than RedBird Capital paid to acquire AC Milan.
That offer has not yet come, but according to Tuttosport it is now only a matter of time.
Then, the ball is in the court of Suning and Nerazzurri President Steven Zhang.
And Tuttosport cautions against taking for granted that the Inter owners will accept an offer from InvestCorp, regardless of how high it reaches.
Suning had already rejected a bid of €800 million from British private equity firm BC Partners a couple years ago.
There is little question that the owners would still like to remain in charge.
Circumstances could force Suning’s hand. But there is no guarantee that they will accept the incoming bid from InvestCorp, reports Tuttosport.
