Important news for the group Suning. As reported Bloomberg, from China there are rumors that indicate how a consortium led by Alibaba Group Holding Ltd. (already within the Chinese giant) and the government of Jiangsu Province it would be close to agreement for buy a stake in Suning’s retail arm. The holding is held by Zhang Jindong, father of Inter president Steven and majority shareholder of the Nerazzurri club. No further details are known but, as Bloomberg writes, the deal could be announced in the next few days: if the agreement becomes official, Zhang would no longer have control of the Suning empire.
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Important announcements awaited
deepening
Interspac launches popular shareholding for Inter
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Suning’s shares had been suspended on June 16 pending, as reported by Bloomberg, those that have been defined “important announcements”. To remember how negotiations are still ongoingNo representative of Suning, nor representatives of Alibaba or the government of Jiangsu (with capital Nanjing, home of the former football team Jiangsu Suning), have commented so far on the Bloomberg news.
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