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The European Commission said on Tuesday it has given its green light to the acquisition of fashion group Versace by Italy’s Prada.
Earlier this year Prada struck a $1.38 billion deal to buy smaller rival Versace from Capri Holdings.
The European Commission said the deal poses no competition concerns.
By Elisa Anzolin; Editor: Giulia Segreti
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Prada Group to Buy Versace for €1.25 Billion
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