Fincantieri to List Stake Close to 50%

Posted by Eric Haun
Tuesday, May 06, 2014
Photo courtesy Fincantieri

Italian state-owned Fincantieri plans to list a stake close to 50 percent in its initial public offering on the Milan bourse, a source close to matter said on Tuesday.

The group, wholly owned by state lender Cassa Depositi e Prestiti (CDP), which in turn is controlled by Italy's Treasury, announced earlier on Tuesday it has filed for listing.

The sale of a minority stake in the group is part of a privatisation push the Italian government launched last year to raise funds to cut its public debt.

(Reporting by Francesca Landini; Editing by Lisa Jucca)

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

US Approves Ferry Service to Cuba

The United States Treasury Department has authorized passenger ferry services to Cuba for the first time in more than a half-century, in a major step in improving relations between the two countries.

Targa: Splitter, Terminal with Noble Still Under Consideration

Targa Resources Partners LP is working closely with Noble Group as Asia's biggest commodity trader evaluates whether to move forward a deal to support a Targa-built condensate splitter,

Aqueos Adds OSV to Service Line

Aqueos Corporation, a provider of subsea services to the Gulf of Mexico and Pacific Coast, has entered into a long term time charter of the OSV Clean Ocean, a California

Shipbuilding

Shipping Industry Faces Major Dilemma on BWM

The Round Table (RT) of International Shipping Organisations (comprising BIMCO, the International Chamber of Shipping, Intercargo and INTERTANKO) is deeply concerned

New Ships Meet 2020 Design Standard

A new CE Delft study has revealed that many recently constructed ships already meet the International Maritime Organization’s (IMO) design efficiency standard for 2020, says Pan European Networks.

Austal Delivers Sixth Cape Class Patrol Boat

Austal Limited announced it has delivered Cape Leveque, the sixth of eight Cape Class Patrol Boats being supplied to the Australian Customs and Border Protection Service under a $330 million design,

Finance

Face Off Maersk Tigris

The Danish shipping giant Maersk Line is still trying to obtain details of the Iranian court ruling that resulted in seizing Maersk Tigris by the Iranian authorities

Indian Sailors Return Home after Five Month

Fourteen Indian troopers, who have been stranded on board an oil tanker off the coast of Bahrain since December have lastly left for home, says a report in Gulf Daily news.

Seattle Gums Up Shell's Arctic Ambitions

Royal Dutch Shell's quest to return to Arctic drilling for the first time in three years could face delays after Seattle ruled that the city's port must apply for a permit before hosting rigs.

News

Shipping Industry Faces Major Dilemma on BWM

The Round Table (RT) of International Shipping Organisations (comprising BIMCO, the International Chamber of Shipping, Intercargo and INTERTANKO) is deeply concerned

US Approves Ferry Service to Cuba

The United States Treasury Department has authorized passenger ferry services to Cuba for the first time in more than a half-century, in a major step in improving relations between the two countries.

Golar Mulls Third FLNG deal

Golar LNG has signed a binding Heads of Terms with Ophir Energy Plc for the provision of the GoFLNG vessel Gimi.   Golar has started discussions with partners

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2162 sec (5 req/sec)