Bahrain-based InvestCorp fund will soon make a formal offer to buy Inter Milan from Suning, but there is no guarantee of a positive response.
This is what today’s print edition of the Turin newspaper Tuttosport reveals, via FCInterNews.
Rumors about a possible change in ownership have persisted in recent years.
And in recent days, a series of new reports have been published.
These focus on the likelihood that the bid is actually large enough to match Suning’s valuation.
Specifically, the Bahrain-based InvestCorp fund is the focus of these rumors.
This is not the first time there has been a connection between this fund and a possible takeover of Inter.
But recent reports suggest that InvestCorp has said it is ready to make an offer of up to 1.
3 billion euros to buy Inter.
InvestCorp will soon make an official offer to buy Inter Milan – The ball is in Suning’s court
According to Tuttosport, the official offer from InvestCorp will come soon.
The Bahrain-based fund believes it can place enough money for Suning to accept.
The announced amount they say they will offer will certainly exceed the billion euros Suning wants.
This will be a larger amount than the amount RedBird Capital paid to acquire AC Milan.
This offer has not yet arrived but according to Tuttosport, it is only a matter of time.
After that, the ball belonged to Suning and Nerazzurri president Steven Zhang.
And Tuttosport warns against taking it for granted that Inter’s owners would accept an offer from InvestCorp, regardless of its level.
Suning rejected an 800 million euro offer from British private equity firm BC Partners a few years ago.
There is no doubt that the owners still want to stay in power.
Circumstances may force Suning to act.
But there is no guarantee that they will accept InvestCorp’s offer, Tuttosport reported.