Inter can be bought by Swedish EQT

Of: Moa berander

Published: January 15, 2021 at 00.16
Updated: January 15, 2021 at 00.48

Photo: Marco Luzzani / Getty Images Europe

Inter can change owners.

The Chinese group Suning Holdings is said to want to sell its shares in the club.

The Swedish company EQT is one of the parties interested in buying the Series A giant.

In 2016, Suning Holdings Group bought 68.5 percent of Inter Milan, for the equivalent of 2.7 billion Swedish crowns. The founder’s son is also president of the Serie A club. But now it is said that they want to sell.

The Financial Times writes that one of the parties interested in buying the Italian club is the Swedish EQT. It is an investment company founded in the 90s by the Wallenberg family.

However, British BC Partners is said to have made further progress in the negotiations for the purchase. American Arctos sports partners should also be interested.

Made a great loss

According to the Financial Times, the club will be valued at a total of approximately SEK 9 billion, but the sale applies to all or part of Suning Holding’s stake.

Last season, Inter lost the equivalent of just over a billion crowns. This may be one of the reasons Chinese bigwigs want to sell.

The remaining 31.5 percent of the club is owned by Hong Kong-based Lion Rock. It is not clear if they are interested in selling or not.

Inter are currently in second place in Serie A, after Zlatan’s AC Milan.

According to its website, EQT had assets under management last year of around EUR 46 million, corresponding to SEK 460 million.

Published: January 15, 2021 at 00.16

READ ON