At least 7 potentially bidding for Versace stake: sources | Reuters

At least 7 potentially bidding for Versace stake: sources | Reuters:

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A sign is seen for high-end retail store Versace along 5th Avenue in New York May 19, 2013.

Credit: Reuters/Eric Thayer

At least seven potential buyers are in the running to bid for a minority holding in Italian fashion house Versace, which plans to sell a 15-20 percent stake to fund growth, sources close to the talks told Reuters on Friday.

Versace's financial advisers, Banca IMI (ISP.MI) and Goldman Sachs (GS.N) "have told a small group of investors that they can proceed with the bidding process", one source said.

The investors considering buying the stake include Italy's state-controlled fund FSI, Bahrain's Investcorp INVB.BH, and private equity firms Ardian, Permira, KKR & Co (KKR.N), Clessidra and Blackstone (BX.N), the sources said."

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