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

SFL Posts Steady Q3, Invests in Fleet Optimization

SFL Posts Steady Q3, Invests in Fleet Optimization

Konecranes Pens 200-Crane Service Deal with Meyer Turku Shipyard

Konecranes Pens 200-Crane Service Deal with Meyer Turku Shipyard

High Visibility Border Patrol Conducted at Australian Port

High Visibility Border Patrol Conducted at Australian Port

October U.S. Container Imports Flatten

October U.S. Container Imports Flatten

Subscribe for Maritime Logistics Professional E‑News

Air Current reports that Boeing has been given the go-ahead to begin next phase of certification trials for the 777X.
New York Times Business News - November 11,
Urals diffs stable in opaque trade