PGI's Renewable Energy team is actively representing Chinese PV modules manufacturers, investors and banks in the acquisition of PV projects in Italy.
In order to best serve Chinese clients, PGI is launching a Chinese Desk based in Milan that will assist clients principally involved in Renewable Energy but also on general corporate matters.
2010.06.28
Gianfranco Puopolo and Angela Rinaldi have assisted Skytanking in the acquisition of two aircraft fuelling service companies in Italy. The companies, HUB Srl and PAR Srl, provide aviation fuelling services to ENI, Esso and Kuwait Petroleum at five airports in Italy.
Under the contract Skytanking will purchase 100% of the shares in HUB abd PAR from the current owners Esso Italiana Srl, ENI Rete Oil & Non Oil SpA and Kuwait Petroleum Italia SpA. HUB and PAR provide into-plane fuelling services at Milan Malpensa, Rome Fiumicino, Milan Linate, Naples and Palermo airports, fuelling over 200,000 aircrafts per year and employing around 180 staff.
ENI, Esso and Kuwait Petroleum selected Skytanking after a competitive tender that ranked bidders on price, the quality of their proposal and into -plane fuelling expertise. Skytanking expects to finalise the aquisition in the coming weeks following the completion of a number of formalities.
This is Skytanking's first move into the aviation fuelling market in Italy and is a welcome addition to Skytanking operations in Germany, Belgium, France, Austria and Switzerland. With the purchase of HUB and PAR, Skytanking will be active in aviation fuelling at 26 airports in Europe, the USA and Asia.
Skytanking is a subsidiary of Marquard & Bahls AG of Germany, a leading independent petroleum company. Skytanking provides a full range of aviation fuelling services including engineering, building, owning and operating aviation fuel storage and hydrant facilities and providing into-plane services to airlines, airports and oil companies. The company is represented at 21 airports in Europe, the USA and Asia.
2010.05.28
PGI Shipping & Litigation teams arrest two vessels in Genoa and Naples. As the global recession becomes deeper also the shipping industry sinks. In these tough times it becomes imperative to reorganize the businesses and cut costs.
Litigation becomes therefore inevitable to impose the respect of contracts or to renegotiate terms that are not any longer actual in the current economic downturn.PGP’s Shipping & Litigation teams are extremely busy these months as they are representing the world leader in the management of fleets in several actions including the arrest of two vessels based in Genova and Naples.Also, the same PGP teams are assisting a number of clients in the super yachts industry, owners and yachts builders, in several high profile litigations and arbitrations aimed at terminating or renegotiating yacht construction agreements.
Please, see below the links to read more about the arrest of two vessels in Genova and Naples:
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PGI Corporate Finance Team assists Metinvest Holding with banks BNP Paribas and ABN Amro in financing acquisition of Trametal steel group
A multi-million financing project completes Metinvest's acquisition of Trametal steel rolling facilities in Italy.
Within the ambit of the multi-million acquisition of the Trametal steel group - one of the most significant acquisitions in the steel industry carried out in Italy in recent years - the corporate team, coordinated by Founding Partner Gianfranco Puopolo, with junior partners Angela Rinaldi and Lucilla Margherita assisted Metinvest also with respect to the acquisition financing agreement coordinated by banks BNP Paribas and ABN Ambro.
Gianfranco Puopolo commented on the operation by saying "this operation was extremely complex and required a supreme commitment from the team for over six months. We will now be assisting Metinvest in a series of important projects in Italy and Abroad."
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PGI's Corporate and Energy Teams represent Element Power Italy S.p.A., the Italian investment vehicle of US fund Hudson Clean Energy Partners, in several deals concerning the acquisition of project companies developing wind and solar energy parks.
PGI has assisted Element Power since its inception in Italy and is advising on all aspects of their business including corporate, acquisitions and project finance matters.
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More Energy for PGI. PGI Energy Team scores a record year in 2008 as it was involved in all major Alternative Energies deals occurred in Italy by either representing energy plant developers, equipment manufacturers, utilities and funds.
The year 2009 starts with the same positive trend as PGI Energy team has assisted Element Power, a company owned by the fund Hudson Clean Energy Partners, to set its Italian operations that plans to be a major player in the Alternative Energies sector in the next months.
The Energy Team was established in 1996 when we represented a German wind turbine manufacturer in one of the very first investments in a wind park in Southern Italy. At that time, there were only few renewable energy plants and big market players were not yet in Italy. Since 1996 the Italian renewable energy scenario has developed and other alternative energy sources, mainly solar and PV energy, have become particularly popular in our country. As a consequence of the growth and development of the Italian renewable energy market, our Energy Team has expanded significantly and it now includes 2 partners and 4 senior associates and 4 assistants advising Italian and foreign companies involved in all sectors of renewable energy. In addition, we have developed a network of consultants, technical advisors, and financing institution involved in all aspects of the development and financing of renewable energy plants both locally and internationally.
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PGI has also assisted a major US insurer in the sale of its branch and subsequent liquidation of the Italian branch of a EU based company of the same group. Since Italian law does not specifically provide for this kind of operation, Angelika Lentsch and her team developed an ad hoc procedure together with insurance regulator ISVAP.
The firm has also acted in a criminal fraud case for the same insurer and a reinsurer in which the name of a UK- reinsurance company in Italy was misappropriated to underwrite reinsurance policies.
...Partner Gianfranco Puopolo represents Monaco Yachting & Tecnologies ("MYT"), an independent builder of world class Mega Yachts in various complex proceedings against Italian shipbuilders and shipyards.
These litigation proceedings concern the non performance of contractual obligations, breach of contract and damages’ claims exceeding several million euro
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