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15 May 2018

WFW advises BPM and Mediocredito Centrale on Marnavi Chem financing

Watson Farley & Williams (“WFW“) has advised BPM S.p.A. (Gruppo Banco BPM – “BPM”) and Mediocredito Centrale S.p.A. (“Mediocredito”) on a financing of up to €18.2m to Marnavi Chem S.r.l. (“Marnavi Chem”), for the construction of a chemical tanker at Chinese shipyard Shuangliu Wuchang Shipbuilding Industry Co. Ltd.

Marnavi Chem is part of the Naples-based Marnavi Group, which has been active in shipping industry since 1910, and is also part-owned by SIMEST S.p.A., a private equity and venture capital investment management company specialising in the development and promotion of Italian enterprises overseas.

BPM is Italy’s third largest retail and corporate banking conglomerate, formed in January 2017 through the merger of Banco Popolare and Banca Popolare di Milano.

Mediocredito is an Italian bank headquartered in Rome, which promotes Italy’s economic development by supporting companies through a broad range of financing solutions.

The WFW Italy Maritime team advising BPM and Mediocredito was led by Partner Furio Samela, assisted by Senior Associate Michele Autuori, and Associates Emanuele Caretti and Antonella Barbarito.

 

About Watson Farley & Williams

Watson Farley & Williams is an international law firm with offices in Athens, Bangkok, Dubai, Frankfurt, Hamburg, Hong Kong, London, Madrid, Milan, Munich, New York, Paris, Rome and Singapore. The firm currently has 500+ lawyers and over 900 staff. Watson Farley & Williams is a leading international law firm providing services of high quality and value to clients throughout a range of industry sectors, with particular focus on: Energy & Infrastructure, Maritime, Natural Resources, Real Estate and Transport. Lawyers from our international offices work as integrated teams to provide practical, commercially focused legal services. Our locations allow us sufficient geographical spread to be competitive in the global market and to provide consistently high quality legal services to our clients. w: www.wfw.com