Italy's ENAV valued at 2.0-2.5 bln euros in IPO

June 21, 2016 11:02 AM

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MILAN, June 21 A confidential study for ENAV's initial public offering values the Italian air traffic controller at between 2.0-2.5 billion euros ($2.3-$2.8 billion) as pre-marketing for the deal started on Tuesday.

Italy's treasury aims to sell up to 49 percent of ENAV next month in an effort to meet an ambitious target of 8 billion euros in privatisation proceeds this year.

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