Chinese retail giant Suning Commerce Group Co Ltd <002024.SZ> has agreed to buy a 68.55 percent stake in Italian soccer club Inter Milan, a source familiar with the matter said on Monday. Former Inter Milan president Massimo Moratti will sell off his entire stake in the club, which amounts to just under 30 percent, while current majority owner Erick Thohir will cut his stake to 31 percent and stay on as president, the source said. Suning and Inter Milan are due to make an announcement in the eastern Chinese city of Nanjing on Monday, widely expected to confirm that Suning will buy a majority stake in the Italian club.
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