Fincantieri to list on bourse before summer
Shipbuilder among govt assets being used to raise 12 bn euros10 January, 17:16
Fincantieri is currently controlled by Fintecna, a company owned by Italian State lender Cassa Depositi e Prestiti (CDP).
Fincantieri shares were among government assets Premier Enrico Letta announced in November would be sold to raise up to 12 billion euros. Half the proceeds from those sales will be used for economic stimulus, and the other half will be used to pay down Italy's debt, which is about 130% of gross domestic product, said Letta at the time Other investments to be sold include the State's stake in STMicroelectronics and Enav, the Italian air traffic control company.