Prada looking at dual listing but not M&A - CEO

Prada SpA

23/10/2023 11:15

MILAN, Oct 23 (Reuters) - Hong Kong-listed Prada
 1913.HK  is looking at a dual listing on the Milan bourse,
though it is not the Italian fashion group's priority, the Chief
Executive said on Monday. 
    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.
    Andrea Guerra added that Prada had no need for M&A deals in
the next 3-5 years, but would carry on with organic growth, "to
have the role that belongs to us", speaking at a fashion
conference.

 (Reporting by Elisa Anzolin, writing by Giulia Segreti, editing
by Gianluca Semeraro)
 ((Giulia.Segreti@tr.com; +39.06.80307714;))