(Alliance News) - GC Holding Spa announced Tuesday that it has initiated the sale - through accelerated bookbuilding - of 4.6 million ordinary shares of Italian Sea Group Spa.

The sale-which concerns 8.7 percent of TISG's capital-is reserved for qualified investors in Italy and institutional investors abroad, and will increase the free float at Piazza Affari. If the shares are fully placed, GC Holding will still be the company's majority shareholder with 53.6 percent of the capital.

Italian Sea Group's stock closed Tuesday up 0.2 percent at EUR11.12 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

Copyright 2024 Alliance News IS Italian Service Ltd. All rights reserved.