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SISAL pulls out of Italian IPO

14th July 2014 8:04 am GMT

Italian gaming operator SISAL has pulled out of plans for an initial public offering (IPO) which would have valued the company at approximately €1bn.

The company had announced plans earlier this month to list its shares on the Italian Stock Exchange on July 18th, by offering a maximum of 77.5m shares representing 59.16 per cent of its issued share capital.

SISAL confirmed Friday however that it had decided to pull its IPO plans, citing unfavourable market conditions [...]

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