March 24, 2017 / 6:45 AM / in 7 months

BRIEF-Stefanel agrees on 10 mln euro emergency funding

March 24 (Reuters) - Stefanel says:

* reaches framework agreement with Attestor Capital, Oxy Capital Italia for initial 10 million euro emergency funding by 31 July to keep group a going concern

* funding from investors, some banks and Giuseppe Stefanel for overall 25 mln euro in new funding to repay emergency funding and support business plan

* to take legal action against Giuseppe Stefanel for credit reasons Further company coverage: (Reporting by Milan newsroom)

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