A court in Naples has thwarted an attempt by Petros Pappas-led Oceanbulk Maritime and Raffaele Zagari-led Augustea Holdings to wrest control of Giuseppe Bottiglieri Shipping Company (GSBC).
In a statement issued today, the Bottiglieri family said that the court had rejected the hostile proposal in a decree on 2 February.
“It had numerous points of non-admissibility, hence it did not deserve to be put in front of the creditors,” the statement says.
