The project to merge Compagnia Italiana di Navigazione into the Moby Group is finally taking shape. The vehicle company that owns the Tirrenia brand and assets, established when the former public ferry company was acquired by the Onorato family in 2012, was intended to be reverse merged several years ago as part of an initial stage restructuring plan.
In the recent past, Compagnia Italiana di Navigazione filed for restructuring at the Court of Milan in parallel with Moby. However, today both companies are back ‘in bonis’. As a result, in the future, CIN and Tirrenia will no longer exist, while Moby (51% controlled by the Onorato family and 49% by Aponte’s MSC) will be the sole entity in the market, owning the fleet of ferries and tugs deployed on the short sea local market in Italy.
