Standard sale progressing! Here’s when it could be completed

Standard sale progressing! Here's when it could be completed

Standard are about to enter a decisive period in the club’s sale process.

Following the chaotic situation with 777 Partners, Standard will need to be sold. Some interested buyers had already been mentioned.

The process is moving slowly but surely. Standard have appointed US bank Moelis&Co to lead the operations.

Standard sale: progress on the file!

The club had opened a Data Room – containing all Standard’s financial information – so that candidates could find out more.

Around ten candidates, all foreign, had expressed their interest. As Sudinfo explains, Moelis&Co has scheduled meetings this week with the serious contenders for the takeover.

Non-binding offers are expected around July 10, Sudinfo continues. The sale of Standard could be effective around mid-August.

Written by Jose Machino

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