TIRRENIA
In the hands of the Mediterranean Holding
with its controlled Siremar

JUL, 28.2010

ITALY ● Correspondence

Fintecna, an entire society controlled by the Italian Ministry of Economy & Finance has adjudicated the privatization of the state company Tirrenia and its regional controlled Siremar to Mediterranean Holding Navigation Spa.

Mediterranean Holding Spa, that is guided by the Region of Sicily and comprising the companies TTT Lines, Lauro, Isolemar and Busi Ferruzzi, introduced the unique binding offer.

Mediterranean Holding Spa, in the July 27^th, doubled its offer from EUR 10m to EUR 25m and took the entire capital shares of the company, as well as the fleet of the regional controlled company Siremar but also a debit of EUR 520m. The company is interested also to win the state’s subsidies of EUR 1,3bn for the next 12 years.

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