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)

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