Pillarstone to become sole shareholder of Premuda with $53m investment

Pillarstone to become sole shareholder of Premuda with $53m investment

On March 30 Genoa-based Premuda will become a shipping company 100% owned by KKR-controlled turnaround fund Pillarstone Italy.

Pillarstone, the largest creditor of the group having acquired the positions of the three main banks Unicredit, Intesa Sanpaolo and Carige, will proceed with an increase of equity capital up to €50m ($53m) thus becoming sole shareholder of the company.

Pillarstone is making big moves in Italy to snap up other local lines this year too.

 

Nicola Capuzzo

Nicola is a highly qualified journalist focused on transport economics, logistics and shipping with broad experience in both online and printed media. Specialties: shipping, ship finance, banking, commodities and port economics. He regularly interviews Europe's top shipowner executives for Maritime CEO magazine.

Related Posts