The company's revenue for 2024 was €176.1 million, but its EBITDA was negative at €45.3 million, with a net equity of €86.7 million

In a joint statement, CBA Studio Legale and Norton Rose Fulbright — advisors to Caronte & Tourist and a group of banks, respectively — announced a new €40 million financing transaction for the Messina-based shipping company. The company, which is 37.5% owned by the Matacena family through Caronte SpA, 32.5% owned by the Franza family through Tourist Ferry Boat SpA, and 30% owned by the Basalt fund through Ulisse Italia Srl, did not provide any information regarding the purpose of the financing. Caronte & Tourist only stated that "this is a financial transaction to support the group's business plan.

The company's revenue

The company's revenue for 2024 was €176.1 million, but its EBITDA was negative at €45.3 million, with a net equity of €86.7 million. The release of the latest financial year's figures is pending. The balance sheet closed with a profit of €1.3 million, which is the lowest in the last five years.

About :Norton Rose Fulbright

Norton Rose Fulbright provides a full scope of legal services to the world’s preeminent corporations and financial institutions. The global law firm has more than 3,000 lawyers advising clients across more than 50 locations worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg, covering Europe, the United States, Canada, Latin America, Asia, Australia, Africa and the Middle East. With its global business principles of quality, unity and integrity, Norton Rose Fulbright is recognized for its client service in key industries, including financial institutions; energy, infrastructure and resources; technology; transport; life sciences and healthcare; and consumer markets

About : CBA Studio Legale e Tributario

CBA Studio Legale e Tributario is an independent Italian law and tax firm founded in 1985, providing integrated legal and tax advice to companies, investment funds, and entrepreneurs. With over 100 professionals across four Italian offices (Milan, Rome, Padua, Venice) and one in Munich, the firm specializes in corporate law, M&A, tax, intellectual property, and restructuring

About :  .Caronte & Tourist

.Caronte & Tourist is a leading Italian ferry company formed in 2003 by the merger of Caronte S.p.A. and Tourist Ferry Boat S.p.A.. Headquartered in Messina, Sicily, it operates essential maritime transport services, primarily linking mainland Italy (Villa San Giovanni/Salerno) to Sicily, the Aeolian Islands, and other smaller islands

Source : Shipping Italy

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