Fincantieri rises on report of interest in NextGeo deal

Next Geosolutions Europe Spa

03/07/2026 10:33

** Shares in Italy's Fincantieri FCT.MI pare gains after rising as much as 3%, following media reports of the shipbuilder's interest in the acquisition of marine geoscience services company NextGeo NXTGE.MI
** Italian daily Corriere della Sera said, citing multiple unnamed sources, Fincantieri is eyeing an acquisition to expand its underwater business, in line with comments made by its CEO in March
** Brokerage Equita says NextGeo's industrial profile and size could be compatible with Fincantieri's growth strategy, although the presence of a significant majority shareholder would require the parties to agree to a transaction
** NextGeo, whose share capital is 57.6% owned by shipping group Marnavi, reported core earnings (EBITDA) of €70 million ($80.17 million) and a net profit of €50 million in 2025
** Both companies did not comment the report when contacted by Corriere della Sera, the daily said
** NextGeo's stock is up 4.7%% after hitting a record high at €16.8 per share
     
($1 = 0.8731 euros)

 (Reporting by Mirko Miorelli)
 ((Mirko.Miorelli@thomsonreuters.com))