MILAN (Thomson Financial) - The Milan bourse is expected to clear this week
the initial public offering of the Enervit SpA nutrition product company,
according to an unsourced report in Il Sole 24 Ore newspaper on Saturday.
The sale of new shares in the IPO, representing about 11 percent of the
company's capital, is aimed at funding international expansion and the launch of
new products, it said.
"Next year will be key for our programmes," said CEO Alberto Sorbini, also
reportedly one of the company's shareholders.
After the Zona diet product, Enervit wants to launch a "stress-free" diet
product, based on research on human longevity carried out in the Japanese
Hokinawa islands, Sorbini was quoted saying.
Enervit, which also produces food products for sports people, wants to grow
in Germany and Spain, he said.
In 2007, had a profit of 1 million euros and sales of 36.5 million, the
newspaper said.
IPO global coordinator is Mediobanca SpA, while financial adviser is Banca
Popolare di Milano unit Banca Akros, it said.
nigel.tutt@thomsonreuters.com
nt/jlw
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