The Italian group is looking at an initial public offering among the options for its unit Doms, with the aim of maintaining control over its strategies, a source close to the matter said on Wednesday.

Earlier this year, IFR reported that Indian stationery company DOMS Industries was working with ICICI Securities, IIFL Securities and JM Financial on a domestic IPO worth around $100 million, according to people with knowledge of the transaction.

The Italian group expects a mid-single digit organic revenue growth in 2023, led by India and Mexico and boosted by a recovery in North America.

(Reporting by Elisa Anzolin, editing Federico Maccioni)