TRIESTE – Fincantieri S.p.A. has completed, in just a few hours, a capital increase of around €500 million, reserved for qualified and institutional investors.
Launched through an accelerated bookbuilding process, the offering was fully subscribed, with demand several times higher than the shares on offer.
The Board of Directors implemented the mandate granted by the shareholders’ meeting of 11 June 2024, approving the issuance of 32,588,445 new ordinary shares—equal to 10% of the share capital before the capital increase—excluding pre-emptive rights. The placing was addressed to qualified investors in Italy, the European Economic Area and the United Kingdom, as well as to foreign institutional investors, including US QIBs, excluding jurisdictions where the offer is not permitted.
The final price was set at €15.32 per share, for a total gross proceeds of €499.25 million. Settlement is scheduled for 23 February 2026. The new shares will be admitted to trading on Euronext Milan and will be fungible with those already outstanding.
Following the transaction, share capital will increase to €881.7 million, divided into 358,472,900 ordinary shares. The capital increase also has a direct impact on the free-float structure: the market-held stake rises by around 34%, bringing the overall free float to approximately 36% of the share capital.
Controlling shareholder CDP Equity S.p.A. remains in place, moving from a 70.67% stake to around 64.25% after full subscription of the capital increase.
The transaction strengthens the group’s financial flexibility and supports implementation of the industrial plan, with particular reference to increased production capacity and potential external growth transactions. The proceeds may also accelerate deleveraging.
In the context of the placing, the company entered into 90-day lock-up commitments. BNP Paribas, Jefferies and Mediobanca acted as joint global coordinators and joint bookrunners.
The deal was followed by an 11.84% drop on the stock market, with shares closing at €14.52.
