US factory plans for two Chinese battery parts firms
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US investment firm seizes control of Inter after missed payment from Chinese owners
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Inter Milan taken over by US investment firm Oaktree after Chinese owners fail to repay loan
US-based investment firm Oaktree Capital Management said on Wednesday it has “assumed ownership” of recently crowned Serie A champion Inter Milan. Inter’s Chinese owner, Suning, failed to repay a loan now worth €395 million ($428 million) that was taken out to help finance the club during the Covid pandemic. In a statement, Oaktree said: “We understand the great responsibility towards the community and the historical legacy of Inter. “We are committed to the long-term success of the Nerazzurri...