Less than a year after the purchase of receivables vis-à-vis Premuda S.p.A. (a company operating in the maritime and shipping industry), the Pillarstone platform took part in a restructuring transaction pursuant to article 67, 3rd paragraph, letter d) of the Italian bankruptcy law as result of which, among other things, it acquired the entire share capital in Premuda through the newco PS Navi S.p.A.
In the context of the above-mentioned transaction, which has been carried out following the delisting of Premuda from the Italian stock exchange (Borsa Italiana), the Platform also provided Premuda with new financial resources for an amount equal to USD 44 million.