Italian lubricants firm Selenia delays IPO-source

Newswire

MILAN, Aug 27 (Reuters) - Italian lubricants company Selenia FL has become the latest European company to put its IPO plans on hold, delaying a public offering due to slack demand from investors, a financial source said on Tuesday. Selenia, which describes itself as Europe's largest independent lubricants company with a turnover of nearly 500 million euros last year, had planned to launch its initial public offering (IPO) by August 30. But the company is now looking at a later date in ...

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