Juventus to go public in Milan next month

Juventus plans to list on the Milan stock exchange in December, Fiat's Agnelli family holding company, Ifi, said today.

Juventus plans to list on the Milan stock exchange in December, Fiat's Agnelli family holding company, Ifi, said today.

Ifi owns 99.6 per cent of the Serie A Turin-based club.

"In light of the strong market expectations Ifi confirms the plan to quote Juventus Football Club during December, depending on the authorisation of [market regulator] Consob and the bourse and the market trend," Ifi said in a brief statement.

The club, lying sixth in Serie A after a defeat by Lazio at the weekend, would join the Rome-based club - and city rivals Roma - on the Milan bourse.

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A financial source told Reuterslast week Juventus was due to make a planned initial public offering and list on the bourse around December 20th.

Business daily Il Sole 24 Oretoday also spoke of a bourse debut on December 20th, the day after Juventus are due to play Fiorentina in a league match.

Ifi is expected to sell a 19 per cent stake and 16 per cent will come from newly issued shares.

The financial source said Juventus was valued at between £340 million and £500 million.