Italy’s Lavazza does not plan to go public for the time being and is still busy integrating the four companies bought in the last three years, its vice president said.
Novares priced its IPO at between 6.30-8.00 euros per share, adding that the deal could give it a stock market capitalisation of up to 550 million euros (£485 million).
Asian stocks resumed their ascen, supported by U.S. earnings optimism and a rise in oil prices while the euro edged higher.
Aston Martin’s full-year sales rose 58 percent to 5,117 units in 2017, hitting their highest level in nine years.
Commodities boosted European benchmarks though tech stocks fell to reports demand for Apple’s new iPhone X was weaker than expected.
Gripped by fear psychosis due to geo-political aftershocks, key stock market indices were on a sticky wicket for the fifth day as both Sensex and Nifty fell over 1%.