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

Two Chinese VLCCs Exit Strait of Hormuz

Two Chinese VLCCs Exit Strait of Hormuz

South African Veterinary Association Stands Against Live Export

South African Veterinary Association Stands Against Live Export

Indiana Breaks Ground on New Grain Facility

Indiana Breaks Ground on New Grain Facility

US Charges Executives and Firms Over Container Cartel

US Charges Executives and Firms Over Container Cartel

Subscribe for Maritime Logistics Professional E‑News

M&S to return to growth in profit after cyber-hack related slump
Department of Energy: US PJM Grid can reduce data center power consumption in emergency situations
FAA concludes investigation into airline compliance regarding shutdown flight cuts