REPEAT-Oaktree to buy Lionrock's stake in Inter Milan in $336 million financing deal - sources

  • 5/19/2021
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(Refiles to additional subscribers) MILAN, May 19 (Reuters) - Oaktree Capital Group is set to buy Lionrock’s minority stake in Inter Milan as part of a 275 million euro ($336 million) financing deal needed to shore up the Serie A club’s finances, two sources close to the matter said. Chinese retail giant Suning owns 68.5% of the top league club, which is suffering due to the fallout from the COVID-19 pandemic, with Lionrock Capital owning the rest. Oaktree, Lionrock and Suning all declined to comment. ($1 = 0.8194 euros) (Reporting by Elisa Anzolin and Elvira Pollina, writing by Maria Pia Quaglia; editing by Valentina Za) Our Standards: The Thomson Reuters Trust Principles.

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