Suning Buys Inter Milan Controlling Stake for $306 Million

Updated on
  • Erick Thohir group to retain 30 percent in club after deal
  • Suning’s among several Chinese groups pursuing sports deals

A unit of retail group Suning Holdings Group Co. will acquire about 70 percent of Italian soccer club Inter Milan for 270 million euros ($306 million), a rare purchase in which a Chinese company will control a major European sports team.

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