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

Harwich Haven Authority Named a Finalist for Clean and Green Awards

Harwich Haven Authority Named a Finalist for Clean and Green Awards

Cargill's Brazil Port Terminal Resumes Operations After Protests

Cargill's Brazil Port Terminal Resumes Operations After Protests

Russia Aims to Maintain Urals Oil Exports to China

Russia Aims to Maintain Urals Oil Exports to China

Hanwha, Greek ΟΝΕΧ Shipyards Expand US Activities

Hanwha, Greek ΟΝΕΧ Shipyards Expand US Activities

Subscribe for Maritime Logistics Professional E‑News

Cheniere Corpus Christi LNG terminal in Texas gets an increased export approval from the US
White House official promises 'new interest in the airline industry' after flight woes
British Airways owner IAG exceeds profit expectations as premium demand boosts earnings