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Europe Italy Dry Bulk

Gestioni Armatoriali restructuring deal completed

Trinity Investment and Deutsche, advised by WFW, restore stability at bulker and tanker outfit. Fleet now controlled by new Malta-based entity after switching flags away from Italy

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Deutsche is understood to have purchased a $90m non-performing loan owed by Ravenna-based operator from fellow Germans Commerzbank in 2015, as part of latter’s drive to pull out of the industry

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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