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

Energy-Efficiency Measures First says DNV Maritime CEO

Walter Takes CEO Helm at MEYER WERFT

By the Numbers: Maritime Safety in 2026 — Fewer Losses, Bigger Risks

Current News

Fincantieri to Build Third Hospitality Vessel for Marc-Henry Cruise

Hapag-Lloyd to Deploy NexusWave Fleetwide

MPA, World Maritime University to Continue Strengthening Maritime Education, Leaders

Maersk, Hapag-Lloyd to Resume Suez Canal Sailings

Subscribe for Maritime Logistics Professional E‑News