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16 July 2019 The on-line newspaper devoted to the world of transports 14:07 GMT+2



March 8, 2019

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Original news
Fincantieri acquires a participation of minority in Genoa Naval Industries

Fixed an option for a quota minority also in T. Mariotti

While Bank of Deposits and Loans, the society of the Ministry of the Economy and finances that controls the Fincantieri group, has confirmed Giuseppe Bono as managing director of the Italian navalmeccanico group, charge that it covers from April 2002, let alone Giampiero Massolo to the presidency, assignment that is assigned in May 2016 to it, Fincantieri has announced an agreement of collaboration with Genoa Naval Industries (GIN), the holding ones constituted in 2008 from the union of two historical genoese yards: T. Mariotti and Saint George of Porto(on 21 April 2008).

The understanding between Fincantieri and GIN, that it will cover various withins: from the new constructions, to the repairs and transformations until the naval preparations, it previews the acquisition by Fincantieri of a participation of minority in the holding ones of the group and of an option for a quota, always of minority, in T. Mariotti.

The parts have evidenced that "the income of Fincantieri will allow with financial GIN to reach an ulterior strengthening, more and more important aspect for being able to face projects complexes and to win the challenges of the market, in particular in the field of the construction of cruise ships of average and small luxury dimensions".

Evergreen Line
Vincenzo Miele



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