Italy's Avio hires banks for Milan listing

June 17, 2016 4:16 PM

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MILAN, June 17 Italy's space propulsion company Avio has hired Banca IMI and Citigroup as global coordinators for its initial public offering on the Milan stock market, two sources close to the matter said on Friday.

The group, controlled by private equity firm Cinven, plans to file a listing request before August in order to go public between September and October, one of the sources said.

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