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Italian rail firm NTV picks three banks for IPO


Reuters

MILAN, Nov 14 (Reuters) - Italian high-speed rail firm NTV has chosen Banca IMI, Goldman Sachs and Credit Suisse to help it prepare an initial public offering slated for early next year although no official mandate has been given yet, three sources close to the matter said.

Banca IMI is part of Italy's biggest retail bank Intesa Sanpaolo, which in turn is NTV's biggest shareholder with a 19 percent stake. NTV held an initial meeting with the three banks on Monday, one of the sources added.

NTV, run by former Ferrari chairman Luca Cordero di Montezemolo and former Telecom Italia chief Flavio Cattaneo, is expected to list in the first half of 2018, the sources said.

($1 = 0.8500 euros)




This article appears in: 401k , Banking and Loans , US Markets , Stocks , IPOs , Retirement


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