MILAN Feb 21 Struggling Italian clothing
company Stefanel will ask a court for more time to
submit a debt restructuring agreement with its creditors, two
sources close to the situation said on Tuesday.
In November, the court in Treviso, northern Italy, granted
Stefanel until March 6 to file the documents.
"There is an agreement, but some details still need to be
ironed out, both with creditor banks and potential new
investors," one of the sources said.
Loss-making Stefanel is in talks with Oxy Capital and
Attestor Capital over a deal that would hand the private equity
funds majority ownership of the group.
(Reporting by Claudia Cristoferi, writing by Agnieszka Flak,
editing by Isla Binnie)