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Fagioli sells stake in none core subsidiary

June 11 - KatoenNatie Group, a leading international logistic services provider, and Fagioli Finance Group, the Italian group operating in special transportation services (through Fagioli Group) and logistics services, (through InterportoRivaltaScrivia Sp

Under the terms of the agreement, KatoenNatie Group should take control of InterportoRivaltaScrivia SpA. before the end of the summer.

InterportoRivaltaScrivia SpA, with a consolidated turnover of approximately EUR50 million (USD63 million), is a leading Italian player in the contract logistics sector, providing a wide range of specialised services to Italian and international clients, operating in diversified sectors.

The company is mainly based in Tortona, Italy, on an area of more than 1.2 million sq m, at the centre of a triangle connecting Milan, Turin and Genoa and well connected with the rail and highway networks.

The disposal of the control of InterportoRivaltaScrivia SpA by Fagioli Finance Group follows a strategic review of the latter's group business model, focusing on the historical core business of, among others, heavy transportation, lifting and applied engineering, where Fagioli Group is one of the leading worldwide providers with more than 60 years of experience.

www.katoennatie.com

www.fagioli.it

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