Moby : Clessidra joins capital
with a 30 pct share

Milan, Oct. 23 - The Clessidra fund is now part of the capital of Moby, Vincenzo Onorato's shipping transport company, with a 30 pct share.  
 
It was reported in a statement that the operation will be partly carried out with a capital increase, reserved for Clessidra, and is aimed at financing and supporting Moby's strategic plan that envisages the acquisition of the 'Lloyd Sardegna' company and the strengthening of the fleet with two new ships.  
 
The Moby group transported during the last season more than 4 million passengers and estimates that it will close the 2006 balance with a turnover of approximately 180 million euros (+7 pct).  
 
'In very few years Moby has conquered the leadership in the connections with Sardegna,' said Vincenzo Onorato, the president of the company. 'The objective is to become the main player in the European market of coastal shipping.  
 
We have an industrial plan that envisages both the strengthening of the fleets and the widening of the routes. Clessidra will be for us a fundamental partner in this growth scenario.'  
 
On the other hand, Claudio Sposito, president and managing director of Clessidra, said that 'Clessidra today becomes part of a strategic sector with a great growth potential. Vincenzo onorato gave birth to one of the most important companies at a European level, with splendid economic results and a commercial leadership in terms of passenger numbers.'  
 
In the operation Moby was assisted by the 'Capitalia' financial aedvisor and by the 'Dewey Ballantine' legal study, whereas Clessidra availed itself of the consultancy provided by UBM, MPS and by the legal study 'Chiomenti'.

Source AFerry.to