MILAN—Mariella Burani Fashion Group said Monday it expects to raise 105 to 125 million euros, or $132.7 million to $157.9 million at current exchange, from the flotation of its accessories subsidiary Antichi Pellettieri.
MBFG plans to list 14.7 million shares of Antichi Pellettieri on the Milan bourse. The retail offering has been set for between May 26 and June 1. Trading will commence June 7. The shares will be priced at between 7.15 euros and 8.50 euros, or $9 and $10.70, per share. Capitalia and Mediobanca will be the listing partners, global coordinators and book runners.
MBFG will sell up to 2.2 million shares, or 15 percent of the global offering. “This will provide an important gain for MBFG: We are thinking of our shareholders,” said Giovanni Burani, chairman of Antichi Pellettieri and chief executive officer of MBFG.
“We might offer extraordinary dividends. In any case, we will focus on our company-owned brands, and maybe even re-create an Antichi Pellettieri conglomerate of different product categories,” said Burani.
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