A pool of banks led by Goldman Sachs is ready to give Prada a 2.5-billion-euro ($2.77 billion) financing line to help the Italian fashion group in its acquisition of Capri Holdings-owned Versace, Italian daily MF reported on Friday.
Some 1.5 billion euros would be used for the acquisition, while the remaining 1 billion euros would be used to relaunch the struggling takeover target, the report added.
Goldman Sachs was not immediately available for comment. ($1 = 0.9032 euros)
Some 1.5 billion euros would be used for the acquisition, while the remaining 1 billion euros would be used to relaunch the struggling takeover target, the report added.
Goldman Sachs was not immediately available for comment. ($1 = 0.9032 euros)
You may also like
Strictly pro line-up: no return for Gio but it's good news for five who were 'up for the chop'
'Will perform Nitish Kumar's political funeral': Prashant Kishore accuses Bihar govt of sabotaging his Patna rally
"Truly blessed": PM Modi after visiting Shri Anandpur Dham in Madhya Pradesh
These symptoms of kidney damage are visible only at night, 90 percent people ignore it
Harry Potter star Nick Moran rushed to hospital as friend asks fans for prayers
