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

Shipbuilding: ONE Singapore Joins the Fleet

Charge It: ‘Electrification’ Momentum Mounts in Maritime

Adani Ports Accepts Bids for 15-Year Bonds

Current News

TOTE Promotes Hofeling, Crawford

Russian Yamal LNG Plant Ships First Cargo This Season Via Northern Sea Route

Maersk Pauses Haifa Port Calls

First BYD Electric Cars Delivered to Mexican Port

Subscribe for Maritime Logistics Professional E‑News