Tobacco packager GIMA TT sets price range for €350m Milan float

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Tobacco packager GIMA TT sets price range for €350m Milan float

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View of Porta Nuova's skyline, one of Milan's districts, with the tall tower 'Torre Unicredit' (C) in Milan, Italy, 13 March 2015. Photo: Nicole Becker/dpa - NO WIRE SERVICE - | Nicole Becker/DPA/PA Images

GIMA TT, the tobacco packaging machinery division of IMA, has set the terms for its IPO on Borsa Italiana, which could value it at up to €1.1bn.

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