Fincantieri limits IPO to 450 million shares

(AGI) Rome, June 28 - Italian state-owned shipmaker Fincantierihas closed its initial public offering at 450 million shares,against a planned total of almost 704 million. Fintecna, whichwholly controls Fincantieri, said it will not sell any sharesin the offering. The concession of an over-allotment option for50 million shares will be made available by Fintecna. . .

(AGI) Rome, June 28 - Italian state-owned shipmaker Fincantierihas closed its initial public offering at 450 million shares,against a planned total of almost 704 million. Fintecna, whichwholly controls Fincantieri, said it will not sell any sharesin the offering. The concession of an over-allotment option for50 million shares will be made available by Fintecna. . .