Finance
Italy's Fincantieri to place new shares for up to 10% of capital through ABB
Published by Global Banking & Finance Review®
Posted on February 18, 2026
1 min readLast updated: February 18, 2026
Quick Summary
Fincantieri launched an accelerated bookbuild to place up to 10% new shares. Pricing follows the bookbuild. The move targets a broader institutional base and greater free float, with BNP Paribas, Jefferies and Mediobanca coordinating.
Fincantieri Launches Up to 10% New Share Placement via ABB Process
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 said 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)
Key Takeaways
- •Fincantieri launched an accelerated bookbuild to place new shares up to 10% of capital.
- •Pricing will be determined after the bookbuilding process concludes.
- •Aim is to broaden the institutional shareholder base and lift free float and liquidity.
- •BNP Paribas, Jefferies and Mediobanca act as joint global coordinators and bookrunners.
- •Announcement dated Feb 18, 2026 from Milan as part of a capital increase plan.
Frequently Asked Questions about Italy's Fincantieri to place new shares for up to 10% of capital through ABB
1What is an accelerated bookbuilding (ABB)?
An accelerated bookbuilding is a fast-track share placement process, usually completed within hours or a couple of days. Banks gather bids from institutional investors, set the final price after the order book closes, and allocate shares without a retail offering.
2What is a capital increase?
A capital increase is when a company issues new shares to raise funds. Proceeds can support growth, strengthen the balance sheet, or finance acquisitions. Existing shareholders may be diluted if they do not participate or if the offer excludes pre-emptive rights.
