Italy's FILA exploring options to support Indian unit Doms

ICICI Securities

31/05/2023 14:27

MILAN, May 31 (Reuters) - Italian pencils and creative
tools maker F.I.L.A.  FILA.MI  said on Wednesday it was
exploring options to support its Indian business.
    The Italian group is looking at an initial public offering
among the options for its unit Doms, with the aim of maintaining
control over its strategies, a source close to the matter said
on Wednesday. 
    Earlier this year, IFR reported that Indian stationery
company DOMS Industries was working with ICICI Securities, IIFL
Securities and JM Financial on a domestic IPO worth around $100
million, according to people with knowledge of the transaction.
    The Italian group expects a mid-single digit organic revenue
growth in 2023, led by India and Mexico and boosted by a
recovery in North America.
    

 (Reporting by Elisa Anzolin, editing Federico Maccioni)
 ((elisa.anzolin@thomsonreuters.com; 0039 0266129692;))