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

Hide and Seek: Drug Busts at Australia’s Borders

Hide and Seek: Drug Busts at Australia’s Borders

Watch: Los Angeles State of the Port Speech

Watch: Los Angeles State of the Port Speech

Tanker Carrying Venezuelan Heavy Oil Heads to Louisiana

Tanker Carrying Venezuelan Heavy Oil Heads to Louisiana

VLCC Charter Rates Soar - “We are in unprecedented times" say CEO

VLCC Charter Rates Soar - “We are in unprecedented times" say CEO

Subscribe for Maritime Logistics Professional E‑News

France arrests Indian captain of suspected Shadow Fleet Tanker
As tensions over Iran escalate, airlines reroute and cancel flights
Italy protests and recalls its ambassador to Switzerland following the release of a New Year's barfire suspect