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By
Reuters
Published
Sep 14, 2009
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Mariella Burani says Antichi not for sale

By
Reuters
Published
Sep 14, 2009

MILAN, Sept 14 (Reuters) - Italian luxury goods maker Mariella Burani Fashion Group (MBFG.MI), whose shares are suspended, said it was not considering a sale of its listed unit Antichi Pellettieri (AP.MI), denying a press report.


Mariella Burani

Shares in Antichi Pellettieri rose 18.8 percent to 0.8520 euro on Monday 14 September after daily La Repubblica said, in an unsourced report, that loss-making Mariella Burani could sell the unit to raise funds.

The paper said Italian leather goods maker Piquadro (PQ.MI) had shown interest in some of Antichi's brands.

"The company ... confirms that it is not considering in its restructuring plan the sale of strategic assets such as Antichi Pellettieri" or parts of it, the group said in a statement.

Shares in Mariella Burani were suspended indefinitely this month after it reported a first-half net loss of 142 million euros ($206 million) and debt of nearly 480 million euros. (Editing by Dan Lalor) ($1 = 0.6870 euro)

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