On June 30th, 2020, has taken place the closing of the restructuring agreement executed by Messina group (through the companies Gruppo Messina S.p.A., Ignazio Messina & C. S.p.A. and RoRo Italia S.p.A.) – historic shipping group of Genoa specialized in supplying shipping services internationally – and its financial lenders: Banca Carige, AMCO, Ubi Banca, Intesa Sanpaolo, Unicredit, Banca Passadore, Banco BPM, Banca Monte dei Paschi di Siena, Banca Nazionale del Lavoro, Kerma Spv e Nuova Frontiera Spv.
The agreement with the financial institutions – which was part of the broader project of strengthening and relaunching Messina Group through the acquisition by Marinvest S.r.l. (Marinvest) of 49% of the share capital of Ignazio Messina & C. S.p.A. (Ignazio Messina & C.) and of 52% of the share capital of RoRo Italia S.p.A. (RoRo Italia) (the companies of the Messina Group that own the fleet of vessels and the terminal concessions in the port of Genoa) – provides for the gradual repayment of the capital in accordance with a continuity plan based on the activities of the shipping company and to the related activities belonging to the group of Genoa.
BonelliErede advised Gruppo Messina S.p.A., Ignazio Messina & C. and RoRo Italia with regard to all aspects related to the transaction, with a team led by Vittorio Lupoli, partner of the Restructuring & Insolvency Focus Team, Filippo Chiodini, managing associate of the Restructuring & Insolvency Focus Team, as well as Alessandro Musella, partner.
R&P Legal advised Marinvest with regard to all legal aspects related to the transaction, with a team led by the partner Fabrizio Iliceto, with the support of the associate Alfredo Della Bella.
Prof. Giacomo D’Attorre, partner of Nardone, D’Attorre, Improta, Oliviero & Partners law firm, advised Banca Carige (Carige), leading a team also consisting of the partners Gaetano Improta and Mario Oliviero.
Gianni, Origoni, Grippo, Cappelli & Partners advised AMCO S.p.A. with a team led by the partner Roberto Cappelli with the support of the managing associate Matia B. Maggioni and of the associate Caterina Bianchi.
White & Case supported the other financial institutions involved, with a team composed by the partner Andrea Novarese and the associates Tiziana Germinario and Francesco Mozzone.