Inter, helps Suning, 1.9 billion from the Chinese state

Where Zhang Jindong does not go, China goes directly. That’s right, it is the news that has also heated Inter’s extrafield on Sunday, as well as the goals against Genoa and the first place in the table: the owner of the Nerazzurri club has in fact sold 23% of Suning.com to two State subsidiaries, namely Kunpeng Capital and Shenzhen International, which were allocated 8% and 15% respectively. Cost of the operation: 14.8 billion yuan, 1.9 billion euros at the exchange rate, pure oxygen for the family. Which, in addition, continues to be the reference shareholder of Suning.com. After the reorganization, Zhang continues to directly control 21.84% of the shares, including personal holdings, Suning Holdings and Suning Appliance Group. In the official statement of the operation it can be read: “The introduction of strategic state shareholders is useful for the company to strengthen the basic construction of retail trade in all scenarios and improve the operational efficiency and profitability of resources and the business of the company. The transaction is in line with strategic development needs and will have a positive impact on the future development of the company. ”The share, which was suspended on the stock market last Thursday, will be readmitted today.

relapses

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The real repercussions at Inter will be shown in training in the coming weeks. There are certainly three positives that cannot be stressed. The first: In Suning.com’s reorganization game, roughly 280 million of those nineteen hundred million end up directly in the coffers of Suning Holdings Group, the parent company (through a chain of different companies) of Great Horizon, based in Luxembourg. or the owner of Inter. The second: Steven Zhang strongly confirmed to the Nerazzurri leadership, even in the last hours, his commitment to Inter, reiterating what has also been made official with the semi-annual report, which is the search for partners to overcome contingent financial difficulties. . . Third step to highlight: the Suning.com operation confirms -if necessary- the proximity of the Chinese government to the Zhang giant and in general to the family, for activities considered strategic.

with the Scudetto

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Jiangsu was no longer strategic and, after losing the Suning denomination, yesterday officially announced its dissolution. The club’s activity – acquired by Zhang in December 2015 – as well as the women’s team and all youth activities suspended with immediate effect. The fate of the Chinese club – the Nerazzurri executives reiterate – must not be related to that of Inter, considered a useful business, as in fact since the early days of the Suning era, to link East and West. With a shield on his chest, even more so.