Independent journal on economy and transport policy
10:17 GMT+1
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Coeclerici obtains a credit line of the value of 215 million euros
It is destined to the financing of industrial plan 2011-2015
May 9, 2011
Coeclerici Spa, group specialized in the supply of integrated services of transport, handling and commercialization of raw materials, has obtained from a pool of banks, with front man Banca Carige, a new credit line revolving to variable rate (with denomination in double currency euro and USA dollar) for a total value of 215 million euros for seven years. To the operation of financing, organized from the Caretti & Associati, besides the Banca Carige front man, they have participated to Understanding Saint Paolo, Unicredit Spa, Monte dei Paschi of Sienna, Centrobanca, Cariparma, Mediocredito Italiano and BNL BNP Paribas.
The company has announced that the credit line is destined to the financing of the industrial plan 2011-2015 that previews the strengthening of the division mining through the acquisition of new coalmines, the expansion of the field trading through the opening of new operating centers in the United States and Europe oriental and the development of the harbour activities of logistics through the construction of new terminals and floating barges to service of the mining industry.
The activity of Coeclerici is carried out mainly through the operating division trading in the commercialization of raw materials which iron coal, anthracite, coke, mineral; the logistic division that work in the field of the integrated logistics, from the activity of cabotage to that of transport and transfer; the division mining that one takes care of the energetic coal extraction from property mines and, at last, the shipowning division that work to service of the division trading through ships in contract of Time-charter.
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