Pharma company Rottapharm admitted to Italy stock listing

MILAN, June 30 Mon Jun 30, 2014 11:38am EDT

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MILAN, June 30 (Reuters) - The Italian stock exchange has cleared the listing on the market of ordinary shares in pharmaceutical company Rottapharm.

In a statement, the bourse said the date from which the shares will start trading will be disclosed at a later stage.

The group, controlled by Italy's Rovati family, aims to float a 40 percent stake in an IPO that values the group at up to 2.2 billion euros ($3 billion), sources close to the matter have told Reuters. ($1 = 0.7331 Euros) (Reporting by Danilo Masoni; Editing by Oleg Vukmanovic)

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