ITALIAN AIR TRAFFIC CONTROLLER LAUNCHES IPO
July 1st, 2016
As part of the Italian government’s plan to cut its public debt, state-owned air-traffic controller ENAV launched an initial public offering (IPO) on the Italian Stock Exchange’s Mercato Telematico Azionario (MTA) trading section today (July 11). The offer will last until July 21, (ENAV employees have until July 20 to buy stock). A maximum number of 230 million ordinary shares, corresponding to 42.5% of the share capital of the company, will be on offer to ENAV employees and institutional investors. Banks involved in the listing have valued ENAV at between ...
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