F2I buys Porto di Carrara Spa to create a national hub of ports
“Milan, 31 May 2019 – F2i, the biggest Italian infrastructure fund with around 5 billion euro in assets under management, announces its entry into the ports sector with the acquisition of the Porto di Carrara Spa (PDC Spa) Group, which owns port terminals at Carrara, Marghera and Chioggia. The Group, which each year handles around 5 million tons of solid bulk cargoes, is one of the main Italian port hubs and operates in the strategic sector of supplying some of the key Italian industrial segments. Most of the steel supplies for the districts of Brescia, Verona and Vicenza pass through the terminals of the PDC Group, cereals for transformation in the food districts of the Po Valley and the marble and stone for the stone working districts of Carrara and Verona.
PDC S.p.A and its subsidiaries Multiservice S.r.l and Transped S.r.l operate as multi-specialist hubs as well as genuine logistical platforms, as with the assembly and handling of modules for Baker Hughes General Electric in the area of Carrara. The Group ended 2018 with around 59 million euro in consolidated revenue. F2i, in taking over the majority stake held by shipowner and port operator Enrico Bogazzi and the minority stake held by the cooperative for port services, Ciclat, intends to continue in the direction taken by the outgoing majority shareholder who managed to make the PDC Group one of the main Italian port hubs.”
In the transaction the firm provided legal advice to F2i with a team coordinated by the Founding Partner, Prof. Stefano Zunarelli, supported by some associates
