This is undoubtedly one of the biggest moments in the history of Inter. The Nerazzurri have announced officially that a group of Chinese investors will be the second largest shareholder at the club but more importantly that a new stadium is expected to be completed by 2017. Here is the full statement on Inter.it:
MILAN, 1 August 2012- Internazionale Holding S.r.l. announces that today it has reached an agreement which envisages the acquisition of a stake in F.C. Internazionale S.p.A. by a group of Chinese investors. The Moratti Family will keep the control of the Company while the group of Chinese investors will became the second largest shareholder.
At the same time China Railway 15th Bureau Group Co., Ltd., a company controlled by China Railway Construction Corporation, and F.C. Internazionale S.p.A. have started a joint effort for the construction of a new proprietary stadium expected to be completed by 2017. In the upcoming months the parties will jointly select the potentially suitable locations, define the project team and start the filing process to obtain the required authorizations.
To ensure that the new investors are fairly represented in the Company governance, Ms Kamchi Li, Mr Kenneth Huang e Mr Fabrizio Rindi will become members of the board of directors starting from next October.
F. C. Internazionale welcomes the new shareholders and is proud to give start to this new phase of the corporate life of the club, aimed at expanding its presence in the Asian markets to raise new resources for the enhancement of its international future development and winning perspectives.
Internazionale Holding S.r.l. and F.C. Internazionale S.p.A. have been assisted by Four Partners Advisory SIM S.p.A. and Lazard & Co. S.r.l. as financial advisers and by Cleary Gottlieb Steen & Hamilton LLP as legal adviser.
The counterparty and China Railway 15th Bureau Group Co., Ltd. have been assisted by Gallipos AG and UBS AG as financial advisers and by Studio Legale Associato Negri-Clementi as legal adviser.
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