By  on May 6, 2014

MILAN — Aeffe SpA on Tuesday denied speculation that it might change hands.

The denial followed a rise of about 50 percent in the value of Aeffe’s shares since April 22, driven by talk the fashion group might  undergo a change in ownership, with Emerisque and Change Capital mentioned as two potential investors that have eyed the group. Aeffe’s statement Tuesday sent its shares down 9.46 percent to close at 1.17 euros, or $1.62 at current exchange.

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