Chinese company in talks for Inter Milan stadium

China Railway Construction Corp. said on Friday that a subsidiary was in talks with Italian football club Inter Milan about building a new stadium for the Serie A giants.

In a statement, China Railway Construction said the subsidiary "is currently engaged in negotiations" with the club and what it described as "relevant parties" about constructing the stadium in Milan.

China Railway Construction will "promptly make an announcement when a formal contract is signed," it said in the English-language statement to the Hong Kong stock exchange.

It identified the subsidiary as China Railway 15th Bureau Group Co.

Inter Milan said Wednesday that China Railway 15th Bureau Group and the club had begun a "joint effort" to construct a new stadium, expected to be completed by 2017.

China Railway Construction also said that it was not part of a Chinese investment group Inter Milan announced was in talks to acquire a stake in the club, and had not engaged in any talks towards that end.

The statement came after Inter Milan also said Wednesday that the club had reached agreement with Chinese investors envisaged to become the company's second largest shareholder.

Internazionale Holding S.r.l. said in a statement the agreement "envisages the acquisition of a stake in F.C. Internazionale S.p.A. by a group of Chinese investors".

China Railway Construction said in the statement that it wanted to clarify to investors that neither it nor any of its companies had negotiated with the club or its shareholders about "acquisition of equity interest" in it.

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • What can void a new car warranty? James Deakin - Wheel Power
    What can void a new car warranty?

    "I was denied warranty once for changing my horn!" One very annoyed reader wrote. "I was told that placing a backup camera will void my warranty" said another. The others are best left in my private inbox as Yahoo! have a swear jar in the office that I do not feel like donating this week's pay to. Continue reading → …

  • Docu exposes destruction of PH marine resources VERA Files - The Inbox
    Docu exposes destruction of PH marine resources

    By Kiersnerr Gerwin B. Tacadena, VERA Files “Gutom (hunger),” Sen. Loren Legarda said is what’s in store for the Filipino people if destruction of the country's marine resources is not stopped. Legarda, chair of the Senate committee on Environment and Natural … Continue reading → …

  • ‘Yolanda’ fiberglass boats modern-day Noah’s ark VERA Files - The Inbox
    ‘Yolanda’ fiberglass boats modern-day Noah’s ark

    By Jane Dasal, VERA Files If you want to save the earth, build a boat. That's what a group of environmentalists is saying, especially if you want to save both the forests and fishermen affected by supertyphoon “Yolanda” (Haiyan). “Haiyan … Continue reading → …

Poll Choice Options