MILAN, Feb 6 (Reuters) - Initial interest from investors for Italian railway group Italo suggests an IPO valuation below the 1.9 billion euros offered by Global Infrastructure Partners III (GIP), two sources close to the matter said on Tuesday.
GIP has presented an offer to buy 100 percent of Italo, which aimed to sell up to 40 percent of its shares in an IPO later this month. The amount offered by GIP includes a control premium that is not included in the IPO price, the two sources explained.
The IPO valuation also takes into account the recent sell-off on markets, one of the sources added.
(Reporting by Elisa Anzolin, editing by Giulia Segreti)
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