Geox owner bids for Diadora - footwearbiz: Leading site for global foo

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Geox owner bids for Diadora

23/06/2009
Italian footwear brand Geox has reported that its owner, Mario Moretti Polegato, has made an offer through LIR, an investment company controlled by his family, to buy sportswear company Diadora.

In a statement, Geox said Diadora had agreed to enter into negotiations with LIR.

Reuters has reported that Diadora has a debt of €80 million.

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