MILAN, Feb 18 (Reuters) - Fincantieri FCT.MI 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.
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.
The transaction aims to broaden Fincantieri's institutional shareholder base, while also increasing the stock's free float and liquidity, it added.
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)
((cristina.carlevaro@thomsonreuters.com; +39 06 80307729;))