Italian politics sinks another IPO, but Piovan pushes on

Sam Kerr

October 04, 2018 02:30 pm

Italy_PM_PA_230x150 — Italian Prime Minister Giuseppe Conte speaks to journalists outside Chigi Palace, in Rome, on 28 September 2018. Italy's stock market fell sharply Friday after the populist, euroskeptic government announced a sharp public spending increase that will push the budget deficit to 2.4 percent of gross domestic product next year, risking a collision with the European Union. (Photo by Andrea Ronchini/NurPhoto/Sipa USA) | NurPhoto/SIPA USA/PA Images

The IPO of Tuscany cigar manufacturer Sigaro Toscano was postponed this week following a spate of volatility in Italian markets following the announcement of the government's proposed budget. However, the Milan listing of Piovan, which makes equipment for plastics processing, is still set to go ahead after a pricing range on the deal was set on Thursday.

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Topics

Italy Equity Europe EMEA

SK

Sam Kerr