Markets
Monday, 7/6, 10:37 AM
Fincantieri Jumps as It Spends €600 Million to Build an 'Underwater Champion'
- Italy's Fincantieri, one of the world's largest shipbuilders, is buying four underwater-technology companies for about €600 million to create what it calls an 'international underwater champion.' Its shares rose around 11% as investors bet on booming demand to defend undersea cables and pipelines.