One year after its establishment, the Italian alternative investment fund “Fi.Nav” has acquired from Unicredit and Intesa Sanpaolo further USD 169 million of loans, secured by ship mortgages, vis-à-vis more than 4 Italian shipping companies reaching a total nominal value in excess of USD 511 million.
With Fi.Nav., Pillarstone continues to consolidate its experience in the shipping industry, which had already begun with the acquisition of the entire share capital in Premuda and the purchase of 5 vessels from Rizzo-Bottiglieri-De Carlini Armatori.