According to Il Sole 24 Ore, private equity fund Fortress are pushing to accumulate a minority stake in Inter and need to shut the agreement by the end of the month.
The American fund are in talks with Suning since February and consistent with Il Sole 24, they’re now willing to conclude a deal by the end of the month.
The economic paper confirms Fortress put €250m on the table, which might allow them to require a minority share within the club with the Zhang family keeping a majority stake.
Fortress offered preferred equity financing and would pay €150m immediately and €100m afterward.
Suning’s senior investment manager Simon Yang is completing talks.
Fortress don’t have an exclusivity period which suggests Suning can negotiate with other parties curious about acquiring Inter.