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 Nelson Deploys 5G Network

Port Nelson Deploys 5G Network

Port of Corpus Christi: Deep Water and Big Energy

Port of Corpus Christi: Deep Water and Big Energy

Western Russian Ports See Increase in Oil Exports in First Half of May

Western Russian Ports See Increase in Oil Exports in First Half of May

Cocoa Falls to Two-Week Low Alongside Sugar

Cocoa Falls to Two-Week Low Alongside Sugar

Subscribe for Maritime Logistics Professional E‑News

French and Benelux stocks: Factors to watch
What sites have been attacked by Ukraine?
Airline cancellations in response to Middle East conflict