Wires

Italy eyewear maker Marcolin in talks with Pai fund over sale

MILAN, Oct 8 (Reuters) - Italian eyewear maker Marcolin

is in advanced talks with private equity fund Pai overthe sale of a majority stake.

In a statement on Monday, the maker of designer sunglassesfor brands such as Tod's and Balenciaga said talks havenot yet been finalised. Tod's owner Diego della Valle has a 20.2percent stake, and his son Andrea has another 20.2 percent.Marcolin family members own several stakes.

Il Sole 24 Ore daily reported on Sunday that Pai could bid300 million euros for 30 percent of the eyewear maker and delistthe company.

Marcolin's market capitalization as of Friday was 282million euros.

(Reporting by Antonella Ciancio)

((Antonella.Ciancio@thomsonreuters.com)(+39 0266129722)(ReutersMessaging: antonella.ciancio.thomsonreuters.com@reuters.net))

Keywords: MARCOLIN PAI/

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