Berlusconi finally sells his AC Milan to Chinese buyer for €740 million

Silvio Berlusconi’s Fininvest has sold 99.93% of Milan for €740 million, including debt, for €220 million to the Sino-Europe Investment Management Changxing, special purchase vehicle, which also includes Haixia Capital, the Chinese state fund for Development and Investments. The closing is expected for the end of the year, Marco Bellinazzo writes...