ITALY: Lotto Offers To Buy Fila From HdP In Stages – Paper
Leading Italian sportswear group Lotto is no longer offering to immediately acquire control of troubled Fila Holdings from Holding di Partecipazioni Industriali SpA, newspaper Il Sole 24 Ore reported on Friday. Instead, Lotto is now planning to buy a smaller stake in Fila, help restructure the company and have an option to take control in a couple of years, the paper claimed.