Global MarketsJuly 20 at 08:41 AM

Italian PM Meloni says Portugal has decided to buy 3 Fincantieri (FCT IM) frigates

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Italian PM Meloni announced Portugal's decision to buy 3 Fincantieri frigates, boosting the firm's defense backlog. This follows a €500M capital raise and supports Fincantieri's perceived 36% market undervaluation.

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