Cobra Automotive plans acquisitions after IPO

Newswire

MILAN, Nov 27 (Reuters) - Italy's Cobra Automotive Technologies plans to invest funds from its planned initial public offering in acquisitions abroad, its chief executive said on Monday. The company, which makes electronic tracking devices for cars, plans to float some 31 percent of its capital including a greenshoe option, raising 37 million euros to 47 million euros ($48.6 million to $61.7 million) in an offer that will run from Nov 28 until Dec 5. "Three quarters of the IPO revenues ...

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