Bulgari SpA is ready to sell its private equity unit Opera to Michele Russo, a banker with a long international experience in private equity, daily Il Sole 24 Ore reported, without identifying its sources.
Russo is expected to buy a 75% stake in Opera in a deal which might be reached shortly, it said.
Opera has a portfolio worth more than 300 million eur that includes brands representing the 'Italian lifestyle', it said.
Bulgari currently holds 50% of Opera with the remaining stake held by Opera's management, it said.
danilo.masoni@thomson.com
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