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Business

Refinancing 230 million euro of Inter Milan debt

JAKARTA -- Italy's legendary football club Internazionale Milano, or Inter Milan, plans to refinance 230 million euro ($313 million) -- 70% of its overall debt -- to stabilize finances, it was revealed on Thursday.

     Erick Thohir, the Indonesian businessman who became Inter Milan president last year, revealed the financial strategy to reporters after the annual shareholders' meeting for Intermedia Capital, a local TV company of which he is also president.

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