Prada gets EU approval for Versace acquisition

MILAN (Reuters) -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. (Reporting by Elisa Anzolin, editing by Giulia Segreti)

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