Watson Farley & Williams (“WFW”) advised BPER Banca S.p.A. (“BPER”), as agent and financing bank, and Banca Popolare di Sondrio S.p.A. (“BPOS”), as financing bank, on an up to US$50m financing granted to Ignazio Messina & C. S.p.A. (“Ignazio Messina”).
This allows Ignazio Messina to finance the renewal of its fleet as part of an investment plan to build full container vessels of greater capacity and size than those it previously deployed.
Founded in 1921, Ignazio Messina is an Italian shipping company providing regular line services connecting the Mediterranean to Africa, the Middle East and the Indian subcontinent, reaching more than 50 ports and supplying over 40 different countries.
The WFW Maritime Italy team that advised BPER and BPOS was led by Partner Furio Samela, assisted by Associate Sergio Napolitano.
