Tile maker IPO for Permira
Marazzi, the Italian tile maker, is expected to IPO in February with a market value of up to EUR 1.25bn. The company is owned by the Marazzi family and Permira, which holds a 33% interest in the firm. The family is expected to hold around 50% of the company’s shares following the flotation, which is being run by Morgan Stanley and Mediobanca. Shares are expected to start trading on 15 February at EUR 10.25-13 each.
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