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Share Name | Share Symbol | Market | Type |
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Brf- Brasil Foods S.A. | NYSE:PDA | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.00 | - |
Italian luxury goods company Prada SpA denied a press report on the possible sale of a minority stake to Swiss Compagnie Financiere Richemont SA (CFR.VX), a spokesman said Tuesday.
"Prada strongly denies it is in talks over the sale of any stake to Richemont," the spokesman said.
According to a press report Richemont SA, maker of the Cartier brand, is in talks with the Milan-based fashion house on a possible deal to buy about a third of Prada's capital.
According to people with knowledge of the situation in December Prada creditor banks -- that include Intesa Sanpaolo (ISP.MI) and UniCredit (UCG.MI) -- signed an agreement to postpone the payment of part of its multi-million debt to 2012.
-By Sabrina Cohen, Dow Jones Newswires, +39 02 5821 9906; sabrina.cohen@dowjones.com
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