CHINA / Inter Milan takeover: Suning Commerce Group Ltd buys 68.55%
A Chinese retail giant has agreed to buy nearly a 70% controlling stake of Serie A side Inter Milan.
Suning Commerce Group Co Ltd will pay 270m euros (£212m), which makes it the highest-profile takeover of a European team by a Chinese firm.
Inter president Erick Thohir will cut his stake in the club to nearly 31% and become the sole minority shareholder.
Former Inter president Massimo Moratti will sell off his entire stake of just under 30% and will leave the club.
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