Italy's Technogym picks advisers for listing

April 17, 2015 4:42 PM

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MILAN/LONDON, April 17 (Reuters) - Italian fitness equipment maker Technogym has picked Mediobanca, JP Morgan and Goldman Sachs as global coordinators of its planned initial public offering on the Milan stock exchange, two sources close to the matter said.

The company, which is 60 percent owned by Italian brothers Nerio and Pierluigi Alessandri and 40 percent by private equity fund Arle Capital Partners, could list its shares at the end of the year but will more likely do so early next year, one of the sources said.

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