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Italian fashion house Prada plans to place shares for $ 2 billion
25.04.2011 4168

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.

Previously, Prada was already trying to place its shares on the Italian stock exchange, but the financial crisis forced the company to abandon its plans. The organizers of the placement will be Intesa Sanpaolo SpA, Credit Agricole, Goldman Sachs Group Inc. Legal support for the transaction is provided by Davis Polk & Wardwell and Bonelli Erede Pappalardo and Clifford Chance, the specialized publication Amlawdaily.typepad.com reports. On average, the provision of paid legal services, audit and PR consulting takes from 1% to 6% of the value of the placed block of shares.

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

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.
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