Chinese investors to buy Italy's AC Milan for $820m
Haixia Capital, an investment firm controlled by China’s State Development & Investment Corporation, is part of a Chinese consortium that will buy leading Italian football club AC Milan.
The consortium will acquire a 99.93% interest in the club held by Fininvest, which is controlled by Silvio Berlusconi, the media tycoon and former Italian prime minister. The deal values AC Milan at EUR740...
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