OL Groupe: 1^st tranche of shares and bonds purchased by the Chinese fund IDG, for €30m

IDG European Sports Investment Limited, a subsidiary of the Chinese investment fund, IDG Capital Partners, endorsed on the 23/12/2016, "The first tranche of the New Reserved Shares and Reserved New Bonds, the total amount of which amounts to €30,000,183.72," said the OL Group, the holding company owner of Olympique Lyonnais (Ligue 1), on the 27/12/2016. This investment of €30m represents 6% of the capital of OL Groupe.

Jean-Michel Aulas, Chairman of OL, formalised the entry of IDG Capital Partners of the OL Groupe share capital, at a press conference in Beijing (CHN), on 13/12/2016. IDG will acquire 20% of the OL Groupe capital, for €100m, in two tranches: €30m to be paid between 16/12 and 31/12/2016, and €70m on or before 28/02/2017 . The second tranche may "be divided into sub-tranches (up to four)." said OL Groupe, the 27/12/2016.

A "substantial" share of €100m and raised will be used to reduce the debt of the OL Groupe, "resulting in a corresponding decrease in financial expenses, for considering the overall refinancing of the remaining debt," stated the holding company owner…