Goldman Sachs to lead 2.5-billion-euro financing for Prada-Versace deal, daily MF reports

Capri Holdings Limited -0.80%
Dow Jones Industrial Average +0.65%
S&P 500 index +0.41%
NASDAQ -0.18%

Capri Holdings Limited

CPRI

0.00

Dow Jones Industrial Average

DJI

0.00

S&P 500 index

SPX

0.00

NASDAQ

IXIC

0.00

- A pool of banks led by Goldman Sachs GS.N is ready to give Prada 1913.F 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)


(Reporting by Alvise Armellini and Elisa Anzolin, editing by Giulia Segreti)

((alvise.armellini@thomsonreuters.com;))

Every question you ask will be answered
Scan the QR code to contact us
whatsapp
Also you can contact us via