(Removes extraneous words in paragraph 2)
MILAN, April 13 (Reuters) - Italian gambling group
Lottomatica on Thursday formally announced plans to float in
Milan, with an offer of new and existing shares expected by the
end of April.
The group, owned by Apollo Global Management , said
the offer of new shares would amount to 425 million euros ($467
million).
The company added that it would use the IPO's proceeds to
implement its strategic plan, including the reduction of its
financial leverage.
($1 = 0.9106 euros)
(Reporting by Elisa Anzolin, editing by Gavin Jones)
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