MILAN, Jan 19 (Reuters) - Italian railway group Italo, which is planning an initial public offering, said on Friday shareholders had approved a buy back of up to 1 percent of share capital for up to 20 million euros ($24.5 million), implying a valuation of around 2 billion euros.
The company, which is hoping to list in the first quarter by offering part of existing shares, said it could not comment on a possible valuation and it would be up to the market to decide.($1 = 0.8179 euros)
(Reporting by Agnieszka Flak; editing by Francesca Landini)
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