marine link image
Register now for the Port of the Future Conference • 2 Days, 50 Ports • Houston/Galveston area, TX • April 12–14, 2027

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

ABS, U.S. DOE to Advance Maritime Nuclear Technology

ABS, U.S. DOE to Advance Maritime Nuclear Technology

Russian Wheat Export Costs Rise, Increased Shipments Buffer Domestic Price Drop

Russian Wheat Export Costs Rise, Increased Shipments Buffer Domestic Price Drop

Baltic Index Reaches More Than Seven Week Low

Baltic Index Reaches More Than Seven Week Low

Paris Wheat Rises As Algerian Purchases Tender, Hope of Black Sea Peace Fades

Paris Wheat Rises As Algerian Purchases Tender, Hope of Black Sea Peace Fades

Subscribe for Maritime Logistics Professional E‑News

Israel's Netanyahu: Flydubai co-pilot underwent radical Islamist endoctrination
US ends review of data privacy for US Airlines without Penalties
Increased security at US Fairford Air Base in England