Chinese investors buy 99 per cent stake in AC Milan
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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 euros ($825.4m).
The deal was signed on Friday by Danilo Pellegrino, the Fininvest CEO, and Han Li, a representative of the Chinese investors.
