MILAN ( – Icf Group of AIM Italia. This is not an IPO, but the first business combination of the year. Industrie Chimiche Forestali, a company that produces in Italy and exports all over the world technical products to glue and reinforce footwear, leather goods of all kinds and industrial products, has in fact landed on the list of SMEs after the merger with the spac Eps Equita Pep. “The debut on Aim Italia by Icf Group is testimony to how the formula of spacs can encourage Italian companies to use the stock market to accelerate their growth – said Barbara Lunghi, Head of Primary Markets of the Italian Stock Exchange – AIM Italia is experiencing a growth phase, it is attracting quality companies and the interest of an increasingly large number of investors”.