Inter announce new investors and stadium plan

Date: 1st August 2012 at 11:26pm
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Inter have announced that they are to construct a new stadium due to be completed by 2017 as new investors have come on board.

The China Railway 15th Bureau Group Co., Ltd., a company controlled by China Railway Construction Corporation will become the second largest shareholder in the Nerazzurri and will help fund a new stadium project.

A press release on Inter’s official website read as follows:

“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 and 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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