Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Business

Prada CEO says no decision yet on dual listing in Milan -report

2022 09 15T071605Z 2 LYNXMPEI8E0A2 RTROPTP 4 PRADA IT RESULTS - Global Banking | Finance

MILAN (Reuters) – Hong Kong-listed Italian luxury group Prada SpA has not decided whether to list in Milan as well, Chief Executive Patrizio Bertelli was quoted as saying on Thursday.

A dual listing in Europe would help Prada widen its investor base, as some investment funds can only put money in European or U.S. stocks.

“No decision has been taken” on a secondary listing in Milan, Bertelli said in an interview with Italian daily newspaper Il Corriere della Sera.

Last month Bloomberg News reported that Prada was considering seeking at least $1 billion from a secondary listing in Milan and was working with Goldman Sachs on early preparations.

Italian daily newspaper Il Sole 24 Ore reported on Tuesday that Prada aimed to list in Milan stock exchange next year.

The luxury group’s Chairman Paolo Zannoni said in July a secondary listing in Milan was a possibility, but not a priority for Prada.

 

(Reporting by Gianluca Semeraro; editing by Maria Pia Quaglia and Alexander Smith)

 

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post