Suning considering Fortress offer

According to Il Sole 24 Ore, Suning is considering a €250m bid from Fortress that might allow the corporate to stay a majority stake within the club.

Suning is trying to find “suitable partners” to support Inter financially and consistent with reports in Italy, the Zhang family could sell a majority or minority stake within the club.

BC Partners are in talks to require over the club, but British fund’s offer isn’t the sole one that Suning is considering.

Economic paper Il Sole 24 Ore reports Fortress has recently placed a €250m bid that might allow Suning to stay a majority stake within the club.

Fortress would pay the fee in two instalments. Bain Capital Credit has also made an identical approach, consistent with the report.

Suning value the club at €1 billion and BC Partners has offered €700-800m to accumulate a majority stake within the club, a proposal that Suning seems reluctant to simply accept .

The Public Investment Fund of Saudi Arabia is additionally reported to be considering a bid, but the economic paper claims there are not any concrete negotiations between the 2 parties.

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