Italian fashion house Prada plans to place shares for $ 2 billion
25.04.2011 6665

Italian fashion house Prada plans to place shares for $ 2 billion

Italian fashion house Prada plans to place shares for $ 2 billion. According to Bloomberg, the placement may take place in July on the Asian stock exchange.

Prada previously attempted to list its shares on the Italian stock exchange, but the financial crisis forced the company to abandon its plans. The offering will be arranged by Intesa Sanpaolo SpA, Credit Agricole, and Goldman Sachs Group Inc. Legal support for the transaction is being provided by Davis Polk & Wardwell, Bonelli Erede Pappalardo, and Clifford Chance, according to the specialized publication Amlawdaily.typepad.com. On average, paid legal services, audit, and PR consulting account for 1% to 6% of the value of the shares being listed.

Prada is an Italian private company specializing in the manufacture of fashionable clothes, shoes and accessories. The headquarters of the company is located in Milan. In 2010, Prada posted $ 354 million in profit primarily due to increased sales in Asian markets. About it writes tver-portal.ru

The Italian fashion house Prada plans to place shares for $ 2 billion. As reported by Bloomberg, the placement may take place in July on the Asian ...
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