Fincantieri Files for Milan IPO

May 6, 2014

Photo courtesy Fincantieri
Photo courtesy Fincantieri

Italy's Fincantieri said on Tuesday it had filed a request to list its shares on the Milan bourse, as state lender Cassa Depositi e Prestiti (CDP) moves to offer private investors a minority stake in the ship building company.

The disposal of Fincantieri - wholly owned by CDP, which in turn is controlled by Italy's treasury - is part of a new wave of privatisations the Rome government announced at the end of last year.

Banca IMI, Credit Suisse, JPMorgan, Morgan Stanley and UniCredit CIB are global coordinators of the offering.

BNP Paribas, Citigroup, Deutsche Bank, Goldman Sachs, HSBC and Mediobanca are joint-bookrunner.

(Reporting by Francesca Landini, editing by Valentina Za)

Logistics News

Sara Fuentes Named as President of Transportation Institute

Sara Fuentes Named as President of Transportation Institute

U.S. Coast Guard Counters Maritime Threats With New Special Missions Command

U.S. Coast Guard Counters Maritime Threats With New Special Missions Command

UAE Ports Become Country's Lifeline as Gulf Trade Remains Fragile

UAE Ports Become Country's Lifeline as Gulf Trade Remains Fragile

Great Lakes Iron Ore Trade Increases 5.3% in April

Great Lakes Iron Ore Trade Increases 5.3% in April

Subscribe for Maritime Logistics Professional E‑News

Uber predicts strong bookings for the second quarter despite Middle East woes
Bild reports that a German woman aboard a ship infected with hantavirus will be tested by s German hospital.
Price hikes and outlook cuts are used by airlines to combat the fuel price surge.