marine link image

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

Nikkiso Partners Exion Asia to Launch Southeast Asia Marine Hub

Nikkiso Partners Exion Asia to Launch Southeast Asia Marine Hub

DFC, Chubb Announce Additional Partners and Maritime Reinsurance Coverage

DFC, Chubb Announce Additional Partners and Maritime Reinsurance Coverage

Petronas-Chartered Tanker Passes Through Hormuz

Petronas-Chartered Tanker Passes Through Hormuz

Ukrainian Drones Sink Russian Cargo Vessel

Ukrainian Drones Sink Russian Cargo Vessel

Subscribe for Maritime Logistics Professional E‑News

Ship-tracking data indicates that Qatar LNG vessels with cargoes of LNG are retreating after approaching the Strait of Hormuz.
Shipping data shows that a tanker loaded with Iraqi crude oil passes through Hormuz.
Kenya fuel executives resign as state probes supply chain irregularities