ROME (Reuters) – 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 […]
Business
Goldman Sachs to lead 2.5-billion-euro financing for Prada-Versace deal, daily MF reports
Audio By Carbonatix
ROME (Reuters) – 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)
(Reporting by Alvise Armellini and Elisa Anzolin, editing by Giulia Segreti)