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

NorthPort Boosts Capacity with Mobile Harbor Cranes

NorthPort Boosts Capacity with Mobile Harbor Cranes

EU Soft Wheat Exports for 2025/26 Down 5%

EU Soft Wheat Exports for 2025/26 Down 5%

Inchcape Shipping Services Opens New Office in Geoje, Korea

Inchcape Shipping Services Opens New Office in Geoje, Korea

Konecranes Expands Ecolifting Portfolio with Electric Reach Stacker

Konecranes Expands Ecolifting Portfolio with Electric Reach Stacker

Subscribe for Maritime Logistics Professional E‑News

Ackman's Pershing Square aims for $5 billion IPO of closed-end funds
FAA probes Amazon after delivery drone snaps internet cable in Texas, CNBC reports
Vienna Airport: Third runway would have not paid for itself, but growth ambitions remain intact