March 14, 2019

According to local media (Giornale di Sicilia) the UK-based investment fund Taconic Capital will make an offer to buy Liberty Lines, the ferry company owned by the Morace family and still under the administration of an external commissioner following the court case renamed “Mare monstrum” which happened in 2017.

The company founded in 1993 by Vittorio Morace operates short sea links from Sicily to the Aeolian islands, to the Egadi islands and Pelagie islands, has a fleet of 32 hydrofoils and also controls a shipyard building hi-speed crafts in Trapani.

Also, the other big player active on the ferry routes in Sicily, the Messina-based Caronte&Tourist, recently welcomed as a new minority shareholder (with a 30% stake) the investment fund Basalt Infrastructure Partners.