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

BIMCO, ICS Report Warns of Possible Shortage of STCW Certified Officers

BIMCO, ICS Report Warns of Possible Shortage of STCW Certified Officers

France to Export Four Barley Cargoes to China

France to Export Four Barley Cargoes to China

Mitsubishi Shipbuilding Receives Order for Ammonia Fuel Handling System

Mitsubishi Shipbuilding Receives Order for Ammonia Fuel Handling System

Cavotec Inks Southern California Shore Power Order

Cavotec Inks Southern California Shore Power Order

Subscribe for Maritime Logistics Professional E‑News

Iraq asks for a review of quotas as OPEC restores production allocations
Tanker seized from the shadow fleet near Marseille
After the earthquakes in Venezuela, power outages have slowed down operations at key ports and plants