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Article: RAI banking on flotation.(RAI International )(Brief Article)
- Article from:
- Daily Variety
- Article date:
- November 30, 2004
- Author:
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ROME -- Italo pubcaster RAI has picked Rothschild investment bank as adviser in the first step of its hotly contested partial privatization and international flotation plan.
Rothschild and Italo bank Uni-Credit will be in charge of the preparatory work including RAI's evaluation and due diligence--for the planned IPO of 20%25% of the pubcaster by spring. Italy's Treasury Ministry is hoping to issue RAI shares worth roughly 1 billion [euro] ($1.32 billion).
Meanwhile, the country's an titrust watchdog has recommended that RAI be split into two a public-service side financed by the TV tax levied on Italian households and a commercial company financed by ...