Sisal Headed For An I.p.o. In Italy

SISAL HEADED FOR AN I.P.O. IN ITALY

02nd July, 2014 at 07:34:23
Source: http://www.azonlinecasinos.com

Gambling group intends to offer up to 59.16% of its issued share capital.

Italian gaming group Sisal is to offer up to 77.5 million ordinary shares in its initial public offering on the Italian Stock Exchange at a price of Euros 6.3 to Euros 7.7 per share, reports the Reuters news agency.

The offer, which will include a share issue, would amount to 59.16% of the company's capital, Sisal management said in a statement.

Before the share issue, the price range would value the company in the range Euros 645-790 million euros ($880 million-$1.08 billion), it added.

Apax Partners LLP and Permira Advisers LLP own 36.4% of Sisal, and began investor meetings for a Milan listing last week. The IPO could raise Euros 400 million to 500 million, insiders said.

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