May 30, 2018 / 1:29 PM / 25 days ago

Italy's Carel IPO book covered: source

MILAN (Reuters) - The book for the initial public offering of Italy’s Carel has already been covered, a source with knowledge of the matter said on Wednesday.

Earlier this month Carel, which makes air conditioning and refrigeration control systems, set its IPO price range at 6.7-7.8 euros per share.

The company expects to debut on the Milan market in the first half of June.

Reporting by Elisa Anzolin, writing by Stephen Jewkes

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