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Report: Valentino to list 25% of company

Qatari investment firm Mayhoola for Investments LLC, the owner of Valentino Fashion Group SpA., plans to sell about 25% of the Italian luxury fashion company in an initial public offering of shares on the Milan stock market, Reuters reported Dec. 20, citing "a source close to the matter."

Mayhoola, which acquired Valentino from private equity firm Permira Holdings Ltd. for about $829 million, reportedly previously paused its plan to list because of a slowdown in luxury fashion in 2016.

Valentino CEO Stefano Sassi in 2016 said that there was "too much turbulence to think about a listing," the report said.

The source told Reuters that Valentino has yet to start the IPO process and that the move will depend on market conditions.