Italian insurer Toro aims float on June 1 -sources

Newswire

LONDON, April 28 (Reuters) - Italian insurance company Toro will try to drum up support next month for its planned flotation on the Milan bourse on June 1, sources close to the deal said on Thursday. Tentative calculations value the 25 to 30 percent of the company to be sold at between 500 million euros and 600 million euros ($646 million to $775 million). This would value the total market capitalisation of the company at around 2 billion euros ($2.5 billion), they said. Toro applied ...

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