Independent journal on economy and transport policy
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Coeclerici Coal Network has acquired the totality of the division coal trading of Alley-Cassetty Companies
the society, between most ancient in America, is active in the brokerage and trading of coal
September 9, 2013
Coeclerici Coal Network LLC, the stopped American society for 51% from the Italian group Coeclerici, has acquired the totality of the division coal trading of Alley-Cassetty Companies, Inc., active society in the brokerage and trading of coal, between most ancient in America, with center to Nashville in the Tennessee. Founded in 1879, last year Alley-Cassetty Coal has generated a advanced turnover to 30 million dollars.
"They are particularly proud of this result - it has emphasized the president and managing director of Coeclerici Spa, Paolo Clerici - because confirmation the relationship of long date that we boast on the American market, consolidated during a century of coal imports American in Italy, which sole agents of Consol Energy from 1912. This ulterior acquisition in the United States strengthens our position in one of the markets more important world-wise".
The Italian group has explained that the acquisition will afford to Coeclerici Coal Network to widen own business, currently concentrated in the region of the rivers Ohio and the Mississippi, and to strengthen in the markets of the south and the west of the United States guaranteeing to all the Coeclerici group the access directed to the more important coal fields Americans that they more represent one of the sources consisting of the world-wide coal offer.
The Italian group has remembered that the operation of acquisition of Coal Network by Coeclerici, finalized to January of the year in course, previews the possibility for Coeclerici to acquire within five years ulterior a 35% being carried own participation to 86%.
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Coeclerici Coal Network LLC, the stopped American society for 51% from the Italian group Coeclerici, has acquired the totality of the division coal trading of Alley-Cassetty Companies, Inc., active society in the brokerage and trading of coal, between most ancient in America, with center to Nashville in the Tennessee. Founded in 1879, last year Alley-Cassetty Coal has generated a advanced turnover to 30 million dollars.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
