(Updating with units' link to Burani Designer Holding)
MILAN (Thomson Financial) - Mariella Burani Fashion Group and its Antichi
Pellettieri leather goods unit said they have recently received expressions of
interest from investment funds to enhance their value.
But no "binding written proposal" has been made, they said in statement.
The companies commented after the MF newspaper cited financial sources as
saying 3i Group is interested in buying a stake of slightly more than 40 pct in
Antichi Pellettieri, which is owned at 55.2 pct by the Burani family.
The move would lead to the de-listing of the company, it said.
An alternative deal could be the spin-off of Antichi Pellettieri's Biasia,
Braccialini, Coccinelle and Gherardini handbag brands to a unit wholly owned by
3i, MF said.
The newspaper said other investment funds, including L Capital, could be
interested in Antichi Pellettieri.
Mariella Burani Fashion Group and Antichi Pellettieri are units of
AIM-listed Burani Designer Holding.
philip.webster@thomson.com
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