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Italian Bank News

21 Dec 2022

MSC Group Completes Purchase of Bolloré Africa Logistics

© STOCKSTUDIO / Adobe Stock

French conglomerate Bollore, run by the family of billionaire Vincent Bollore, said on Wednesday it had completed the sale of its Bolloré Africa Logistics arm to shipping company MSC Group.The Bolloré company added the transaction was on the basis of a 5.7 billion euro ($6.1 billion) enterprise value.“The Bolloré Group will remain strongly involved in Africa, notably through Canal+, and will also continue to develop on this continent its activities in many fields such as communications, entertainment, telecommunications and publishing,” added the company in a statement.The Bolloré company hold

22 Oct 2021

Italian Bank Could Fund Novatek's Giant Arctic LNG 2 Project

File image: Novatek

Italy's biggest banking group Intesa Sanpaolo could help fund Novatek's Arctic LNG 2 project even as some European governments show lukewarm support for the giant Russian gas project."We are studying the dossier ... though no decision has as yet been taken," Antonio Fallico, chairman of group unit Banca Intesa Russia, told Reuters on Wednesday.Fallico said the bank had been invited to look at the financing deal by SACE, the state-owned Italian export credit agency."If the bank decides this project does not breach our policy in some way we'll do it…

14 Apr 2008

Rimorchiatori Malta Orders AHSVs

Rimorchiatori Malta Ltd has announced it has ordered a new $31.5m AHSV type from the Union Naval Valencia. The vessel is designed by Moss Maritime, a Norwegian naval architect forming part of Messrs Saipem, and will be delivered to the Maltese company in March 2010. The vessel is specifically designed to perform offshore activities, living assistance to fixed or floating oil rigs in southern Mediterranean waters. The order will be financed by an Italian Bank, possibly in a pooling arrangement with a Maltese bank. The investment is being made through the company's Maltese subsidiary Menqa Shipping. The vessel will have a dead weight of approximately 2,000 tons with a deck cargo area of 4, 650 sq. ft. and a deck cargo capacity of at least 900 tons.