BUZZ-HK shares of Italy's Prada climb on possible bid for Versace

Reuters
01-13

** Hong Kong-listed shares of Italy's Prada climb 3.2% to HK$62.20, on course to snap three consecutive sessions of decline, if gains hold

** Stock marks biggest intraday pct rise since Jan 2

** Prada is among the potential suitors looking at fashion group Versace, which has been put up for sale by its parent Capri Holdings , and has been working with Citi to evaluate any bid, a person with knowledge of the matter said on Friday

** Capri hired Barclays to look at strategic options including the sale of its Versace and Jimmy Choo brands, two people with direct knowledge of the matter told Reuters

** Private equity firms and rival luxury groups are seen as as possible bidders, says one of the sources

** Hang Seng Consumption Index eases 1% and Hang Seng Index falls 1.2%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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