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Chinese investors in deal to buy AC Milan

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Chinese investors in deal to buy AC Milan
Silvio Berlusconi agreed on Friday to sell more than 99 percent of AC Milan to a group of Chinese investors. Photo: Giuseppe Cacace/AFP
14:42 CEST+02:00
Silvio Berlusconi agreed on Friday to sell more than 99 percent of AC Milan to a group of Chinese investors, announced Fininvest, the holding company of the Berlusconi family.

A preliminary agreement after months of negotiations sets the value of the Italian giants at €740 million ($825.4m).

The deal was signed on Friday by Danilo Pellegrino, the Fininvest CEO, and Han Li, a representative of the Chinese investors.

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