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Gestioni Armatoriali now at the mercy of turnaround funds

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UK turnaround fund Attestor Capital is rapidly increasing its role in the Italian shipping arena, purchasing its second non-performing-loan of Ravenna-based Gestioni Armatoriali in quick succession. In February Attestor bought, together with Deutsche Bank, Intesa Sanpaolo’s financial exposure with the company which is valued at some $85m and now some sources familiar with the matter […]


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