Goldman Sachs to lead €2.5 billion financing for Prada-Versace deal: Report

A pool of banks led by Goldman Sachs is ready to give Prada a 2.5-billion-euro ($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 euros would be used for the acquisition, while the remaining 1 billion euros would be used to relaunch the struggling takeover target, the report added.

Goldman Sachs was not immediately available for comment. ($1 = 0.9032 euros)