China to invest $111 million in Frances Olympique Lyonnais

Written By: Reuters Reuters Updated on: August 13, 2016, 01.07 PM IST

China to invest $111 million in Frances Olympique Lyonnais

French football club Olympique Lyonnais announced on Friday a project for Chinese investment fund IDG Capital Partners to take a 20 percent stake in the club.

COMMERCIAL BREAK

SCROLL TO CONTINUE READING

IDG Capital Partners would invest a total of 100 million euros ($111.68 million) in the club through buying new shares and convertible bonds, Olympique Lyonnais said in a statement.

($1 = 0.8954 euros)

(Reporting by Alan Charlish in Gdynia, editing by David Evans)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.