Holding di Partecipazioni Industriali SpA (HdP) has confirmed that several interested buyers are eyeing its 72 per cent stake in loss-making sportswear maker Fila Holding SpA.

But a spokeswoman for the company has refused to comment on reports in Il Sole 24 Ore saying that investment funds Bain group and the Continental group have teamed up to offer between $100m and $125m for Fila. The offer is reportedly conditional upon reaching a debt restructuring agreement with Fila's creditor banks.

UK-based leveraged buyout fund Doughty Hanson & Co Ltd, which controls Umbro, is also thought to have put in a bid for the business of $75-85 million.

In the second quarter, Fila posted a net loss of EUR31.2 million from EUR19.3 million in the year-earlier period. Its debt stood at EUR520.7 million at June 30.

HdP is planning to sell off its unprofitable divisions such as Fila, fashion house Valentino and textile unit GFT Net to focus on its books and periodicals business..