NEWS
Wednesday December 2 2015
Mr Bee finds Chinese partners?

Bee Taechaubol has reportedly found two Chinese investors to help his efforts to buy 48 per cent of Milan.

The Thai has been in talks with the Rossoneri for a €480m acquisition since the summer, but the lengthy delay led to recent reports that it may be a scam.

However, Corriere della Sera writes today that on Monday there was a meeting in Peking between Mr Bee, Federico Bazzoni of Citic Securities and other investors.

The newspaper believes that there are two important Chinese institutions, one a holding company and the other in the consumer goods sector, interested in investing in Milan.

The paper also points out that Citic Securities is a different business to Citic Capital, the company that has just entered talks for a €400m investment in Manchester City.