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RaiWay to debut on Milan stock exchange on 19 November

Monday 3 November 2014 | 15:20 CET | News
Italian public broadcaster Rai has announced that the initial public offering of a 35 percent stake in its transmission unit and tower operator RaiWay will commence on 03 November and run until 13 November. Italy's market regulator Consob on Friday gave the green light to the IPO on 31 October and a total of 83 million RaiWay shares will be listed on the Milan stock exchange at a minimum share price of EUR 2.95 and a maximum of EUR 3.50. A further 12 million shares will be available on a greenshoe basis to cover any over-allotments. The IPO values RaiWay at EUR 802-952 million and Rai Way CEO

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Categories: Broadcast & Satellite
Companies: RAI / RaiWay
Countries: Italy
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