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

Port Houston Celebrates Best Year Yet

Port Houston Celebrates Best Year Yet

Panama Ports Will Operate Undisrupted Despite CK Hutchison Ruling

Panama Ports Will Operate Undisrupted Despite CK Hutchison Ruling

Panama Court Quashes CK Hutchison Port Contracts

Panama Court Quashes CK Hutchison Port Contracts

IMO Sub-Committee on Ship Design and Construction Holds 12th Session

IMO Sub-Committee on Ship Design and Construction Holds 12th Session

Subscribe for Maritime Logistics Professional E‑News

Iranian media report that a gas leak caused a blast in Bandar Abbas.
US reports 9th driver killed in crash involving faulty replacement airbag
FAA finalizes 25 hour cockpit voice recording rule