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china's 1 giant suning commerce group has announced the take-over of the top european football club, 2 milan.
中国零售业巨头苏宁云商宣布接管欧洲顶级足球俱乐部——国际米兰。
suning's subsidiary, suning sports group, signed the deal worth 270 million euros (306 million usd) in nanjing, jiangsu province, on june 6, sealing the acquisition of a 68.55 percent stake from inter milan's majority 3 international sports capital.
it's the highest profile takeover so far of a european team by a chinese firm.
zhang jindong, chairman of suning holdings group, said with the 4 of massimo moratti, suning's sustained investment, and the hard-work of the management team, the club will 5 its glory.
a general meeting of stockholders and the new board were held on the same day, with five new members from suning included on the board. erick thohir 6 as the president of inter milan club.
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