MILAN May 4 Italian fridge maker Indel B said
on Thursday it had received regulatory approval to proceed with
the listing of at least 25.53 percent of its capital on the
The company, controlled by the Berloni family, said if an
over allotment option was exercised about 28.66 percent of its
capital would be listed.
The company has been valued in a range of 110.8 million to
123.7 million euros, it said, or 22 to 27 euros per share.
The offer for institutional investors will start on May 4
and end on May 15.
(Reporting by Stephen Jewkes)