A pool of banks led by Goldman Sachs is ready to give Prada a €2.5 billion ($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 would be used for the acquisition, while the remaining €1 billion would be used to relaunch the struggling takeover target, the report added.
Goldman Sachs was not immediately available for comment.
By Alvise Armellini and Elisa Anzolin; Editor: Giulia Segreti
Learn more:
Report: Prada Moving Closer to €1.5 Billion Versace Deal
Talks between Prada and Versace owner Capri are progressing and could result in a deal in March, Bloomberg reports.
