A consortium led by Alibaba Group and the Jiangsu provincial government is reportedly approaching an agreement to buy a stake in Suning, in the retail branch of Zhang Jindong’s empire. He reports it Bloomberg, its “Bloomberg Daybreak: Australia“. Following the agreement, which will probably be announced as early as this week, Zhang should lose control of the company, whose shares on the Shenzen Stock Exchange have been suspended since June 16.
FROM OAKTREE E INTERSPAC – On the one hand, therefore, Zhang loses control of one part of his empire, while on the other there is a liquidity injection in the coffers of the family business. We will see if and how this operation will somehow influence the near future of Inter, already reassured by the entry of Oaktree and the attempt to ‘help’ the VIP fans through the project Interspac.
–
