By  on February 4, 2010

MILAN — Italian eyewear maker Safilo Group SpA has kicked off its rights offering for a total of up to 250 million euros, or $348.3 million at current exchange, as part of the capital increase approved by the company in December.

The country’s stock market watchdog, Consob, has given Safilo the green light for the publication of the company’s prospectus and has accepted trading of Safilo’s new shares issued through the offering. A total of more than 822.5 million shares at a nominal value each of 0.25 euros, or 34 cents, will be offered at 0.34 euros, or 47 cents, from Monday to Feb. 26.

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