Home Stock exchange Italian gaming group Sisal files its IPO on the Milan Stock Exchange

Italian gaming group Sisal files its IPO on the Milan Stock Exchange

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A woman walks past the Italian Stock Exchange in Milan, as the country is hit by the coronavirus epidemic. Italy, February 25, 2020. REUTERS / Flavio Lo Scalzo

MILAN, Oct. 12 (Reuters) – Italian games group Sisal announced on Tuesday that it had filed an initial public offering (IPO) to list its shares on the Milan Stock Exchange.

Sisal, which was acquired by CVC Capital Partners in 2016, said the IPO would consist of shares sold by the private equity firm.

Two sources told Reuters last month that the IPO was expected in the first quarter of next year.

Sisal, which derives most of its income from Italy, has expanded overseas, securing concessions for retail and online gaming in Turkey, Morocco and Spain. The group is also in the race to lead the UK National Lottery.

Sisal’s IPO filing follows the announcement of listing plans by makeup supplier Intercos, indicating a resumption of new listings on the Milan Stock Exchange where only three companies have debuted in the main market so far this year.

Heating solutions group Ariston Thermo and Eni’s Retail and Renewable Energy Business Unit (ENI.MI) also plan to go public in the coming months. Read more

Deutsche Bank (DBKGn.DE) Equita SIM, JP Morgan (JPM.N) and UniCredit Corporate & Investment Banking (CRDI.MI) are the global coordinators of Sisal’s IPO, while Lazard (LAZ.N) is the company’s financial advisor.

Reporting by Elisa Anzolin, editing by Jane Merriman

Our Standards: The Thomson Reuters Trust Principles.

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