Italy's Banca Sistema sets share IPO price at 3.75 euros

June 30, 2015 7:55 AM

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MILAN, June 30 Italy's Banca Sistema has set a price of 3.75 euros for shares in an initial public offering that would value the lender at around 300 million euros ($336 million), at the lower end of a price range.

The bank, which specialises in financing and managing trade receivables owed by Italy's public administration, will debut on the Milan stock exchange on July 2, it said late on Monday.

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