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Permira launches sale of 850 mln euros of shares in Hugo Boss - source

Reuters - UK Focus

LONDON, Sept 2 (Reuters) - European private equity firm Permira has launched an accelerated sale of 850 million euros of shares in German fashion retailer Hugo Boss (Xetra: A1PHFF - news) , a source familiar with the matter said on Tuesday.

The shares are being sold for a price range of 101.50-107.05 euros and represent 11.2 percent of issued share capital. Citi and BoA Merrill Lynch are running the deal.

Shares (Frankfurt: DI6.F - news) in Hugo Boss closed at 107.05 euros each on Tuesday. (Reporting By Vikram Subhedar; editing by Freya Berry)