Italian lender Banca Carige has reiterated its commitment to shipping after completing its disposal of non-performing loan exposure in conro group Ignazio Messina.
The bank has offloaded €324.3m ($384m) of shipping loans to non-performing loan restructuring company AMCO.
The rest is going to a new company, Newco Italian Ro.Ro. Italia. The outfit is controlled by liner giant Mediterranean Shipping Co (MSC)'s Marinvest, with Messina holding 48%.
