The news reported last week in this newsletter has been officially confirmed by the Milan-based company controlled by Vincenzo Onorato and sons.
“Compagnia Italiana di Navigazione S.p.A., fully owned by Moby S.p.A., sold the vessel HARTMUT PUSCHMANN to a foreign purchaser, in compliance with the provisions of the Indenture and of the Intercreditor Agreement. The Net Available Cash (approx. €12.9m) from such disposal is applied to the extent to make capital expenditures, or invest in, or commit to invest in Additional Assets within 365 days from the receipt of such Net Available Cash” a statement reports.
As for the second deal closed, Moby also communicated that “Compagnia Italiana di Navigazione S.p.A. sold a minor vessel AURELIA to an Italian purchaser. In relation to the Net Available Cash (approx €6m) from the sale of the Aurelia Vessel, the same provisions as above are applied”. The ferry AURELIA was purchased by MSC’s Italy-based holding company Marinvest.
