Italian ECM momentum builds with blocks

By Sam Kerr
02 Jun 2020

The reopening of Italian equity capital markets gathered pace on Monday night with two block trades with sellers across Europe expected to take advantage of the market conditions with further trades

The larger of the two trades was a €144m sale in Reply, the Italian digital consultancy. The seller in the transaction was Alika, an investment vehicle owned by Mario Rizzante, Reply's chairman and CEO. Morgan Stanley was the sole bookrunner.

The second trade was for €88.4m of Banca ...

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