March 8, 2018 / 11:22 AM / 7 months ago

Italian textile machinery maker Itema files request for Milan IPO

MILAN, March 8 (Reuters) - Italian textile machinery maker Itema has filed a request to list its shares on the Milan stock exchange after shareholders approved the initial public offering plan last month, the company said on Thursday.

The shareholders also approved a capital increase related to the listing, it added.

In 2017 Itema, based in the northern Italian province of Bergamo, posted revenues of 300 million euros ($371.2 million).

$1 = 0.8082 euros Reporting by Giulio Piovaccari; editing by Agnieszka Flak

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