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

MISC Reports First Quarter Increase in Revenue

MISC Reports First Quarter Increase in Revenue

MacGregor Sees Strong Year Despite Order Dip in First Quarter

MacGregor Sees Strong Year Despite Order Dip in First Quarter

Jumbo Orders Two New Heavy Lift Vessels

Jumbo Orders Two New Heavy Lift Vessels

CMA CGM NOTRE DAME, World’s Largest LNG-Powered Containership, Begins Maiden Voyage

CMA CGM NOTRE DAME, World’s Largest LNG-Powered Containership, Begins Maiden Voyage

Subscribe for Maritime Logistics Professional E‑News

China's CNOOC begins full production at Bohai Kenli Oilfield
Airline cancellations in response to Middle East conflict
Sweden will halve the monthly price of public transport passes ahead of elections