Mandarin Capital selling 7.57 pct of IMA
MILAN, Sept 2
MILAN, Sept 2 (Reuters) - Mandarin Capital is selling 7.57 percent of Italian packaging machinery firm IMA through an accelerated bookbuilding procedure, a spokeswoman for the Chinese-Italian private equity fund said on Monday.
A trader with direct knowledge of the operation said the shares were being sold at a price of between 18.5 and 18.8 euros each.
Shares in IMA closed at 19.8 euros on Monday.
(Reporting by Gianluca Semeraro and Danilo Masoni, editing by Valentina Za)