Italy’s 2i Rete Gas seeks 600 mln euro in local IPO, sources say

Gas supplier 2i Rete Gas aims to sell around 600 million euros ($651 million) of shares in what would be one of the largest Italian initial public offerings in Italy in the last 12 months, three sources familiar with the matter told Reuters. Italy's second-largest gas distributor and its shareholders are looking to list at least 30% of the company on the Milan bourse, subject to market conditions, the sources said. 2i Rete Gas is controlled by Italian infrastructure fund F2i with a 64% stake.