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

Cocoa Futures Drop While Sugar, Coffee Steady

Cocoa Futures Drop While Sugar, Coffee Steady

Maersk Orders 26 Large Containerships in Fleet Renewal

Maersk Orders 26 Large Containerships in Fleet Renewal

October Deliveries of Aramco Crude Halted to Some European Refiners

October Deliveries of Aramco Crude Halted to Some European Refiners

London Marine Insurance Market Widens Black Sea Risk Zone

London Marine Insurance Market Widens Black Sea Risk Zone

Subscribe for Maritime Logistics Professional E‑News

Major US airlines reject Air China's bid to schedule more US flights
Virginia tightens restrictions on data centers amid political backlash
Malaysian regulator will ask publicly traded firms to submit El Nino plans and is looking for deeper Middle East relations