Italy's Civitanavi Systems to list on Euronext Milan market

MILAN : Italy's Civitanavi Systems plans to list on Euronext Milan stock market in order to increase production capacity and improve product innovation, the inertial navigation and stabilisation system company said on Wednesday.

Born as a start-up in 2012, Civitanovi Systems aims to raise around 40 million euros from new shares issued as part of the offering, a private placement that will include also the sale of existing shares. The company, controlled by the sole shareholder Civitanavi Systems Ltd., does not rule out to grow through acquisitions of companies with complementary research and development skills.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Italy's Technoprobe aims for market cap of up to 4 billion euros in IPO - sourcesMILAN : Italian microelectronics company Technoprobe aims for a market value of up to 4 billion euros ($4.55 billion) in its initial public offering on the Milan stock exchange, two sources close to the matter said on Tuesday. The group, which is the world's second-largest manufacturer of so-called probe
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »