Italy's Elesta considering IPO in H1 2020 -El.En. chairman
27/11/2019 08:00
ROME, Nov 27 (Reuters) - Italian laser equipment maker
El.En. ELEN.MI said on Wednesday its 50%-owned company Elesta
was considering an initial public offering in the first half of
2020.
"The Elesta IPO will not have any impact on our 2019
guidance and most likely on the 2020 guidance, (it) will not be
affecting our consolidation perimeter and the group's financial
position," El.En. Chairman Gabriele Clementi said in a
statement.
Elesta develops medical devices for percutaneous or
endoscopic treatment techniques and posted revenue of 3.1
million euros in 2018.
El.En. owns 50% of Elesta. Other shareholders are foreign
investors and the company's management, the statement added.
(Reporting by Giulia Segreti, editing by Gianluca Semeraro and
Jason Neely)
((Giulia.Segreti@tr.com; +39.06.85224324;))