Fincantieri Share Placement: Key Details
MILAN, Feb 18 (Reuters) – Fincantieri on Wednesday launched a placement to institutional investors of new shares worth up to 10% of its capital, the Italian shipbuilder declared in a statement.
Pricing to Be Set Post-Bookbuild
Capital Increase and ABB Mechanics
The placement, linked to a capital increase, will be carried out through an accelerated bookbuilding procedure (ABB), it added, with the price set upon completion of the sale.
Objectives: Shareholder Base and Liquidity
The transaction aims to broaden Fincantieri’s institutional shareholder base, while also increasing the stock’s free float and liquidity, it added.
Bookrunners and Coordinators
BNP Paribas, Jefferies e Mediobanca are serving as joint global coordinators and joint bookrunners for the placement.
(Reporting by Cristina Carlevaro, editing by Gavin Jones)
Leave a Reply