The Bahrain Embassy in the UK has confirmed that talks between Investcorp and Elliott Management regarding the takeover of AC Milan are ongoing.
It is believed that the Bahrain-based fund will complete the acquisition of the Italian giants from the American hedge fund in the coming weeks.
The Bahrain Embassy in the UK have tweeted confirming recent reports: “Bahrain based asset manager Investcorp has entered in exclusive talks to buy Italian Serie A club AC Milan for $1.1 billion.
“Investcorp was founded in 1982, offers a diverse and truly global investment portfolio and manages over $42 billion in assets across the globe.”
Elliott Management acquired AC Milan in 2018 and has since then committed over than $700 million in loans and investments.
