Investing.com – Fincantieri (BIT:) and Viking announced that they have signed contracts for the construction of two cruise ships that will be delivered between 2028 and 2029. The value of the deal, subject to financing and other terms and conditions was defined as “large”, a term which, referring to the cruise sector, is used by Fincantieri to define an agreement worth between 500 million and 1 billion euros.
The new ships will be positioned in the small cruise ship segment, with a gross tonnage of approximately 54,300 tons and will accommodate 998 passengers on board in 499 cabins.
The partnership between Fincantieri and Viking began in 2012 and to date can count on a total of 20 ships, including the two expedition units built by the subsidiary Vard.
“This contract further consolidates our relationship with Viking,” commented Pierroberto Folgiero, CEO and general manager of Fincantieri.
“Thanks to the new order, Fincantieri consolidates its order portfolio, we are an excellent and long-term partner in the cruise sector, as expressed in our 2023-27 industrial plan,” concluded Folgiero.
On the Milan Stock Exchange today the shipbuilder’s stock dropped 1.13% compared to 5.061 euros per share the day before.
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The terms of the capital increase were announced yesterday
The announcement comes after yesterday, following the approval received from Consob two days ago, the group announced the terms of the 500 million capital increase which will start on 24 June and will be divided as follows: 400 million immediately and 100 million in a second tranche (warrant capital increase) once the first has been concluded.
In particular, the board of directors has determined the price at which the Fincantieri shares deriving from the capital increase in option will be offered at 2.62 euros (0.10 for share capital and 2.52 for share premium) and has consequently resolved to issue maximum 152,419,410 new shares (with the same number of free option warrants for shareholders in the ratio of 9 new shares for every 10 Fincantieri shares held.
In particular, the Board of Directors has determined the price at which the Fincantieri shares resulting from the rights issue will be offered at 2.62 euros for each new share (0.10 euros for share capital and 2.52 euros for share premium ) and consequently resolved to issue a maximum of 152,419,410 new shares (with corresponding free Warrants), to be offered as an option to shareholders in the ratio of 9 new shares for every 10 Fincantieri shares held.
Furthermore, the board of directors determined the subscription price of each conversion share at 4.44 euros (0.10 euros for share capital and 4.34 euros for premium), as well as set the exercise ratio at 5 conversion shares for every 34 Warrants exercised, resolving to issue a maximum of 22,414,615 conversion shares.
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