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

Greg Baribault Appointed as President of Enstructure Northeast

WCI Confers Leadership Awards

ONE Posts $88M Loss - Newbuild Deliveries Pressure Rates; Fleet Continues to Grow

Current News

Short-Term Tanker Market Shaken Up by Geopolitics

Panama Canal, USGBC Sign MOU to Enhance US Agricultural Trade

Greg Baribault Appointed as President of Enstructure Northeast

Blue Water Announces Andy Tite as Senior Vice President, Projects

Subscribe for Maritime Logistics Professional E‑News