June 20, 2018 / 7:31 AM / 3 months ago

Italy's Ferragamo shares priced at 23.25 euros in stake sale - traders

MILAN, June 20 (Reuters) - Shares in Italian luxury group Salvatore Ferragamo have been priced at 23.25 euros ($26.9) each in the stake sale launched by the Ferragamo family holding company, two traders said on Tuesday.

On Tuesday Ferragamo Finanziaria, which holds 57.76 percent in the Florence-based group said it would sell a 3.5 percent stake through an accelerated book building (ABB).

On Wednesday it added that the settlement date for the ABB would be June 22.

Shares were down 7 percent at 22.82 euros at 0727 GMT. ($1 = 0.8645 euros) (Reporting by DAnilo Masoni and Stephen Jewkes, writing by Giulia Segreti)

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