BPER Banca Finances Augustea Navigation

Maritime Activity Reports, Inc.

January 20, 2019

Pina Cafiero, a vessel owned by Augustea Group

Pina Cafiero, a vessel owned by Augustea Group

Italian banking group BPER Banca is financing up to USD 8 million to Augustea Navigation to refinance its acquisition of a bulk carrier built in 2010 under an Italian flag. Watson Farley & Williams (WFW) has advised on the deal.

A press release from the  international law firm based in London said that BPER Banca, formerly known as Banca Popolare dell’Emilia Romagna S.C., is a commercial and co-operative bank and the parent of the BPER Group, one of Italy’s leading banking groups. The group focuses primarily on small and medium enterprises with a strong international client base.

Augustea Navigation is part of Augustea Group, leading player in the shipping industry, with offices in Naples and Augusta (Italy), London, Singapore, Malta, Buenos Aires, Philippines and Colombia.

The WFW Italy Maritime team advising BPER was led by Partner Furio Samela assisted by Senior Associate Michele Autuori and Associates Antonella Barbarito and Beatrice D’Amato.

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