ITALY - Argan and Merrill Lynch considering N&W flotation

During a conference, Argan's managing partner Carlo Mammola is said to have mentioned N&W's possible debut in Piazza Affari. The company has purchased SGL, a developer of technology for espresso machines last February. It is understood that Argan is set to make another acquisition in the vending machine sector before the IPO. N&W expects to post a turnover of EUR 400m in 2007.

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