Fincantieri to List Stake Close to 50%

Posted by Eric Haun
Tuesday, May 6, 2014

Italian state-owned Fincantieri plans to list a stake close to 50 percent in its initial public offering on the Milan bourse, a source close to matter said on Tuesday.

The group, wholly owned by state lender Cassa Depositi e Prestiti (CDP), which in turn is controlled by Italy's Treasury, announced earlier on Tuesday it has filed for listing.

The sale of a minority stake in the group is part of a privatisation push the Italian government launched last year to raise funds to cut its public debt.

(Reporting by Francesca Landini; Editing by Lisa Jucca)

Categories: Finance People & Company News Shipbuilding

Related Stories

Concerns Raised by Repeated Chinese Detentions of Panama-Flagged Vessels

Green Ammonia Shines When Regulation is Considered, says study

Built on the Rivers: Aimee Andres and the Expanding Role of America’s Inland Ports

Current News

Operations Begin at Jubail Container Terminal in Saudi Arabia

Concerns Raised by Repeated Chinese Detentions of Panama-Flagged Vessels

CMA CGM Celebrates Maiden Call of New Port Kobe Service

New Wildlife Trafficking Compendium Released for Singapore

Subscribe for Maritime Logistics Professional E‑News