March 8, 2018 / 11:21 AM / 6 months ago

Italian textile machinery maker Itema files request for Milan IPO

MILAN (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 (267.68 million pounds).

Reporting by Giulio Piovaccari; editing by Agnieszka Flak

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