Mandarin Capital, Italy's Miroglio in fashion deal
today Jun 6, 2011
June 3 - Mandarin Capital Partners and Italian textile group Miroglio will sign a memorandum of understanding as part of an over $700 million fashion sector investment by the Chinese-European private equity firm, a diplomatic source said on Friday.
Miroglio textile printing factory in Govone - an Italian village in the province of Cuneo
Mandarin Capital will make a 40 million euro investment in Miroglio as part of the deal, an executive with Miroglio said.
The agreement is a part of $3.2 billion package of deals due to be unveiled following a meeting between Italian Prime Minister Silvio Berlusconi and China's Vice President Xi Jinping.
(Reporting by Deepa Babington and Francesca Piscioneri)
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