The board of sportswear group Fila, a unit of Italian holding group Hdp, has approved a Eur146.66 million ($143 million) share issue that will be put to share holders on September 23.

Hdp is currently negotiating the sale of Fila to three suitors in the United States, and the capital increase gives the loss-making sportswear group an infusion of new cash at an opportune time.

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