Inter of Suning will remain… Inter of Suning. The transaction is expected to close next month with the entry of investment fund LionRock Capital and it would only increase the power of the Chinese ownership group, raising it to owning 100% shares of Inter.
“In these days, there is a lot of talk about negotiation that will see Thohir selling his 31%. Entry of a new shareholder, LionRock Capital, is mentioned which has its headquarters in Hong Kong and has been active since 2011, with possible connections with Alibaba, the e-commerce giant, and with Jack Ma. In reality, there will be no new third investor. Daniel Kar Keung Tseung is only the manager of LionRock, but the money is not his.”
According to Il Sole 24 Ore, LionRock Capital has a special relationship with Suning, so special and so strong that the signature on the dotted line for this 31% has Suning behind it.
Source: Il Sole 24 Ore