Shares in Europe's largest shipbuilder, Fincantieri fall on media report citing 1bn euro cap hike

Shares in Europe's largest shipbuilder, Fincantieri fall on media report citing 1bn euro cap hike
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Updated 24 November 2021
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Shares in Europe's largest shipbuilder, Fincantieri fall on media report citing 1bn euro cap hike

Shares in Europe's largest shipbuilder, Fincantieri fall on media report citing 1bn euro cap hike

Shares in Italy's Fincantieri extended losses on Wednesday and fell more than 3%, after daily Il Messaggero reported that the shipbuilder could launch a capital increase of 1 billion euros ($1.12 billion).


The rights issue would be linked also to a potential offer by Fincantieri to buy assets of Italian defence group Leonardo , the daily said.


Fincantieri declined to comment on the press report.