Italian tanker and bulker company Premuda is beginning a new era in private equity hands.
Pillarstone Italy has completed the acquisition of 100% of the equity of the Genoa-based company and will inject up to €50m ($54m) into an operation with a new industrial plan.
The takeover brings to an end a 27-year stint with the Rosina family at the helm before the ongoing crisis shackled the Milan-listed operation with €350m of unaffordable debt.
