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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
11:55 GMT+1
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BRIEFS
February 15, 2001
Shipping Timesweb site
Shipping News
  • Pusan, other Korean ports seek duty-free status
    SOUTH Korea's main Port of Pusan is expected to be named the country's first duty-free zone this year, in a move meant to boost business and improve supply chain management by reducing red tape and costs.
  • Auckland port's H2 traffic up 12%
Air and Land Transport
  • Airlines may issue int'l e-tickets by mid-2001
    [GENEVA] The International Air Transport Association (Iata) and information technology company Sita Group are to start an issuing system for electronic tickets for international flights by mid-2001 now that they have resolved data-security questions.
  • UK to invest £250m in Roll-Royce engines
  • KLM to resume ties with Alitalia only if earlier problems are resolved
  • Small US airlines hit hard by jump in fuel prices
  • MAS may soon fly to Okayama
Features
  • FedEx mulls tie-ups with Chinese carriers
    After having been awarded only one extra flight to China, FedEx is looking at alternative means to expand its reach there, reports P T BANGSBERG
Logistics
  • Taiwan begins work on global port logistics centre
    CONSTRUCTION has begun on a global logistics centre at Taiwan's Port of Kaohsiung, a joint venture between the Harbour Bureau and Yangming Marine Transport Corp.
  • SynchroNet Marine names new chief
  • Stinnes's Schenker unit revamps management board

Shipping Timesweb site
Shipping News
  • Pusan, other Korean ports seek duty-free status
    SOUTH Korea's main Port of Pusan is expected to be named the country's first duty-free zone this year, in a move meant to boost business and improve supply chain management by reducing red tape and costs.
  • Auckland port's H2 traffic up 12%
Air and Land Transport
  • Airlines may issue int'l e-tickets by mid-2001
    [GENEVA] The International Air Transport Association (Iata) and information technology company Sita Group are to start an issuing system for electronic tickets for international flights by mid-2001 now that they have resolved data-security questions.
  • UK to invest £250m in Roll-Royce engines
  • KLM to resume ties with Alitalia only if earlier problems are resolved
  • Small US airlines hit hard by jump in fuel prices
  • MAS may soon fly to Okayama
Features
  • FedEx mulls tie-ups with Chinese carriers
    After having been awarded only one extra flight to China, FedEx is looking at alternative means to expand its reach there, reports P T BANGSBERG
Logistics
  • Taiwan begins work on global port logistics centre
    CONSTRUCTION has begun on a global logistics centre at Taiwan's Port of Kaohsiung, a joint venture between the Harbour Bureau and Yangming Marine Transport Corp.
  • SynchroNet Marine names new chief
  • Stinnes's Schenker unit revamps management board

Shipping Timesweb site
Shipping News
  • Pusan, other Korean ports seek duty-free status
    SOUTH Korea's main Port of Pusan is expected to be named the country's first duty-free zone this year, in a move meant to boost business and improve supply chain management by reducing red tape and costs.
  • Auckland port's H2 traffic up 12%
Air and Land Transport
  • Airlines may issue int'l e-tickets by mid-2001
    [GENEVA] The International Air Transport Association (Iata) and information technology company Sita Group are to start an issuing system for electronic tickets for international flights by mid-2001 now that they have resolved data-security questions.
  • UK to invest £250m in Roll-Royce engines
  • KLM to resume ties with Alitalia only if earlier problems are resolved
  • Small US airlines hit hard by jump in fuel prices
  • MAS may soon fly to Okayama
Features
  • FedEx mulls tie-ups with Chinese carriers
    After having been awarded only one extra flight to China, FedEx is looking at alternative means to expand its reach there, reports P T BANGSBERG
Logistics
  • Taiwan begins work on global port logistics centre
    CONSTRUCTION has begun on a global logistics centre at Taiwan's Port of Kaohsiung, a joint venture between the Harbour Bureau and Yangming Marine Transport Corp.
  • SynchroNet Marine names new chief
  • Stinnes's Schenker unit revamps management board

Shipping Timesweb site
Shipping News
  • Pusan, other Korean ports seek duty-free status
    SOUTH Korea's main Port of Pusan is expected to be named the country's first duty-free zone this year, in a move meant to boost business and improve supply chain management by reducing red tape and costs.
  • Auckland port's H2 traffic up 12%
Air and Land Transport
  • Airlines may issue int'l e-tickets by mid-2001
    [GENEVA] The International Air Transport Association (Iata) and information technology company Sita Group are to start an issuing system for electronic tickets for international flights by mid-2001 now that they have resolved data-security questions.
  • UK to invest £250m in Roll-Royce engines
  • KLM to resume ties with Alitalia only if earlier problems are resolved
  • Small US airlines hit hard by jump in fuel prices
  • MAS may soon fly to Okayama
Features
  • FedEx mulls tie-ups with Chinese carriers
    After having been awarded only one extra flight to China, FedEx is looking at alternative means to expand its reach there, reports P T BANGSBERG
Logistics
  • Taiwan begins work on global port logistics centre
    CONSTRUCTION has begun on a global logistics centre at Taiwan's Port of Kaohsiung, a joint venture between the Harbour Bureau and Yangming Marine Transport Corp.
  • SynchroNet Marine names new chief
  • Stinnes's Schenker unit revamps management board

The Journal of Commerceweb site
  • Split spurs Canadian Pacific rail merger rumors
    The carrier is a juicy takeover target, now that its holding company plans to split into five companies.
  • Northwest hikes Asia, domestic charges
    The carrier sets a minimum of $125 per trans-Pacific shipment and $32 on domestic air freight, as it shifts focus to large, international shipments.
  • S. Carolina scales back port plans
    After a 17-month fight over its Daniel Island project, the state will seek private funds to develop a new terminal.
  • Manugistics, Microsoft, KPMG target B2B market
    The alliance will provide supply chain software packages designed for big, international customers.
  • NCA to add new flight in March
  • Canadian Pacific joins doublestack network
  • ABP to build Southampton auto dock for Wallenius
  • SupplyLinks to add 10 more providers to network
  • United takes freighter out of retirement to fly relief supplies to India
  • HK owners mount drive for higher shipbuilding standards
  • New reefer cargo pool formed
  • EU approves radical port reform
  • Canadian Pacific to spin off subsidiaries
  • Top London shipbrokers merge

Cargowebweb site
FEBRUARY 14, 2001
  • Canadian Pacific to to spin off its businesses
  • Singpore to buy 20 Boeings
  • Again EU-investigation of Rotterdam-Hutchison deal
  • BAX customer of Freightgate
  • Hong Kong port blockade ending
  • Strong profit rise SAS
  • Changes in the Membership of the Board of Schenker AG

Exim Indiaweb site
  • Larger vessel to enter Maersk Sealand's Central America service
  • Hanjin Shipping adds Yantian to its AWE-PDM service
  • Yang Ming, K Line revamp transpacific services
  • Lloyd Triestino to offer fast shuttle services on key transpacific routes
  • Port of Singapore handles record tonnage
  • Penang Port records higher container handling in 2000
  • P&O Nedlloyd selects Tower Technology to centralise data
  • Hong Kong's MTL handles over 3m TEUs
  • More space for TOC Asia exhibition
  • Lykes Lines offers BoLs on-line
  • APL eyeing new markets in Europe
  • Evergreen establishes a joint venture agency company in Singapore
  • Inner Mongolia to put $ 90m in port construction
  • Cargo volume hits record high in Angola's Luanda Port
  • Contship in slots deal with JSSA
  • Hanjin Heavy wins German boxship sextet
  • COSCO's 5,600-TEU ships to skip Naples port
  • EU commission to simplify shipping red tape
  • LNG carrier boom forecast
  • Gateway box lessor gets $ 24.7 m investment
  • FreightWise to stop operations
  • Greybox bags logistics deal from Oldendorff
  • Asian shipowner groups seek more say on IMO decisions
  • Chemexcil sets Rs 4,000-cr. herbal product export target
  • Quake costs India soyameal orders
  • Global rubber demand growth put at 3 pc
  • Tea body signs MoU with Pak to increase exports
  • UK team to explore ties in ports sector
  • Cochin Port Trust gets ISO 9002 Certificate
  • Port of Barcelona charts its course to become a major gateway to S. Europe - Classic example of successful port privatisation
  • Getting good response, MbPT extends VRS by month
  • Lufthansa, AI holding talks on code-sharing pact
  • Rail link for Vallarpadam likely
  • Cathay Pacific to operate Delhi-HK flight
  • Gateway Distriparks' phase II facilities operational
  • Centre seeks list of pharmaceutical goods for budgetary incentives
  • Govt promulgates certificate compliance rules for cos
  • FSA issues guidelines on aflatoxin control
  • Apeda registers 6.5 lakh tonnes sugar for exports
  • Exim Club-ASAA seminar evokes hearty audience response
  • 28-member Bahrain trade team to visit IMC
  • RBI Governor to address IMC seminar
  • IndExpo 2001 in Dubai begins

The Bunker Bulletinweb site
FEBRUARY 14, 2001
  • Chile and Ecuador markets steady this week
  • Firmer fuel oil in Panama, St Eustatius still s/e
  • Southern and Eastern Africa market report
  • West African markets this week
  • Bunker prices for Irish ports
  • Some short term congestion in Fujairah, Oman competitive
  • Steady market in Suez this week
  • Singapore bunkers continue to trade below cargo levels
  • Bunker prices for Argentina
  • Crude oil falls following US stock build
  • Saudi posted prices, IFO380 may come soon
  • Brazil bunker prices down by $8-10
  • Mexican bunker price update

Marine Logweb site
FEBRUARY 14, 2001
  • Ferry loop for Manhattan?
    The New York Waterfront Alliance, a non-profit civic organization, has proposed a public/private partnership for a 25-stop loop. It would create a waterfront access servicenot seen in New York City since the 1960's.
  • BV works on tanker safety initiative
    Classification society Bureau Veritas is to work within IACS to develop tanker safety initiatives proposed by OCIMF and Intertanko.

The East Africanweb site
  • Kenyan Seafarers Welcome Planned Regulatory Body
  • Dar Port Firm in Promotion Drive
  • Tafico Receives $15,000 for Rehabilitation of its Old Boats

Fairplayweb site
FEBRUARY 14, 2001
  • Gorthon lukewarm on new policy
  • Tacoma bulker collision probed
  • Dibden port proposal rejected
  • Kandla resumes full operations
  • Shenzhen throughput shoots ahead
  • Customs supremo arrested
  • Ship too hazardous for Indian scrap
  • PRC admits electronic Customs
  • Chittagong again hit by violence
  • Salmon war spawns pact
  • Three shortlisted for Latvian
  • PPA loses new North Harbour lawsuit
  • New Vietnamese port opens
  • Venezuela starts new crude exports
  • Baltic states simplify haulage
  • Canada ponders stowaway insurance
  • Weather hits NY/NJ tanker ops
  • CP Ships is 'jewel' for investors
  • Crewman killed in lifeboat accident

Marine Linkweb site
FEBRUARY 14, 2001
Maritime Contract News
  • USN: Two Civilians At Control Stations On Sub
Breaking News
  • Modern Panamaxes Attract Top Dollar
  • India's Busiest Port Resumes Operations
  • New Appointments at James Fisher and Sons
  • USN: Two Civilians At Control Stations On Sub
  • Mitsubishi Denies GE Rumors
  • Canadian Pacific To Split Up
  • Three Bidders Approved To Buy Shipping Company

Marine Linkweb site
FEBRUARY 14, 2001
Maritime Contract News
  • USN: Two Civilians At Control Stations On Sub
Breaking News
  • Modern Panamaxes Attract Top Dollar
  • India's Busiest Port Resumes Operations
  • New Appointments at James Fisher and Sons
  • USN: Two Civilians At Control Stations On Sub
  • Mitsubishi Denies GE Rumors
  • Canadian Pacific To Split Up
  • Three Bidders Approved To Buy Shipping Company

TradeWindsweb site
FEBRUARY 14, 2001
  • EU threatens subsidy restoration
    Trade Commissioner considers subsidies to bring Korea yards to the negotiating table.
  • MOL in ammonia breakthrough
    Ten year charter for new LPG carrier signed with Mitsui trading house.
  • LPG ship aground off UK
    No leaks have been reported from the Kilgas Centurion, which is lying on a sandbank north of Yarmouth.
  • Japanese yards see slow start to 2000
    January export orders down by half.
  • SeaEscape Adventure moves into shipowning
    The Florida cruise company is buying the vessel it currently bareboat charters.
  • UK extends Dover Strait emergency cover
    The world's busiest shipping lane now has all-year-round emergency towing vessel cover.
  • Gorthon seeks partners
    Sweden's Gorthon Lines is talking mergers and joint ventures after its profits slump.
  • CP Ships spin-off raises consolidation question
    Boss Ray Miles has not ruled out further industry alliances when the container group goes it alone.
  • Solvang profits climb
    Gas carrier owner Solvang is bullish on bigger ships.
  • Bergesen and Solvang boost gas fleets
    Norwegian owners Bergesen and Solvang are planning to splash out close to $230m on up to four LGCs.
  • Vintage year for Mosvold
    The Norwegian owner's two veteran VLCCs came up trumps in 2000.
  • Troodos buys Maersk VLCC
    Maersk is clearing out the last of its single hulled tonnage.
  • Three line up for Lasco sale
    The Latvian government has already narrowed down the field in the race for the Lasco product tankers.
  • CS Container Line in nine-ship bareboat deal
    China Shipping Container Lines has taken a total of nine boxships and bulkers on bareboat charter.
  • Samsung moves to pay off debt
    Korean shipbuilder Samsung Heavy Industries is cashing bonds to raise money.

›››File
FROM THE HOME PAGE
PORTS
New historical record of monthly container traffic in the port of Long Beach
Long Beach / Los Angeles
In October, strong growth in Los Angeles climbing activity.
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
SHIPPING
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
Haifa
The fleet transported a record number of containers
CRUISES
In the third quarter, the Viking cruise group's revenues grew by 11.4% percent.
Los Angeles
Increase of 14.3% of turnover generated by ocean cruises
PORTS
Signed the final agreement on the contract of port workers
Rome
COMPETITION
Italian Antitrust initiates an investigation into SAS (MSC group), Moby and Large Navi Fast
Rome
According to the AGCM, competition restrictions may have occurred as a result of the 49% acquisition of Moby's capital by SAS.
T&E highlights the need to also count the well-to-tank emissions for LNG used by ships
ENVIRONMENT
T&E highlights the need to also count the well-to-tank emissions for LNG used by ships
Brussels
Total greenhouse gases produced would be more than 30% higher than those considered by the FuelEU Maritime Regulation
COMPANIES
DFDS and Ekol are rethinking and agreeing on the sale of the Turkish company's international network to the Danish group
Copenhagen / Istanbul
Revised the terms of the deal expired on the first November
PORTS
Slight downturn in freight traffic in the port of Hamburg in the third quarter
Hamburg
Stable container traffic
The Companies inform
Accelleron initiates partnership with Geislinger to expand service business in the Mediterranean region
INDUSTRY
Cargotec agrees to the sale of MacGregor to funds managed by Triton
Helsinki
Sale of the value of 480 million that is expected to be completed by the first half of 2025
PORTS
In the July-September quarter freight traffic in the port of Koper increased by 8.3%
Lubiana
In the first nine months of 2024, the increase was 3.2% percent.
COMPETITION
Ok of Ukraine's antitrust enforcement at the entrance of MSC in the capital of HHLA terminalist company
Kiev
The company operates the CTO terminal of the port of Odessa
PORTS
Inaugurated the new Peruvian port of Chancay operated by China's COSCO Shipping Ports
Lima
Has 1,500 linear metres of docks
SHIPYARDS
More than doubling the value of new orders acquired by Fincantieri in the first nine months of 2024
Trieste
The sunshine committed for shipbuilding grew by +154,3 percent.
ENVIRONMENT
Established the Ship Recycling Alliance to speed up the recycling of safe and environmentally friendly ships
Copenhagen
The initiative in view of the entry into force on June 26 of the Hong Kong International Convention
LOGISTICS
Kuehne + Nagel will acquire 51% percent of the capital of American IMC Logistics
Schindellegi / Collierville
US company mainly operates drayage services
In the third quarter of this year, Hapag-Lloyd's revenues grew by 28.2%
SHIPPING
In the third quarter of this year, Hapag-Lloyd's revenues grew by 28.2%
Hamburg
Increase of 3.8% of containers carried by the fleet. Average value of nils up 22.9%
PORTS
In the third quarter freight traffic in the port of Genoa decreased by -4.9% percent while in Savona-I went up by 15.7% percent.
Genoa
Decided increase in transshipment containers determined by the Red Sea crisis. Down the cruises
In the third quarter, HMM revenues increased by 67% thanks to the 83% growth in the container segment
SHIPPING
In the third quarter, HMM revenues increased by 67% thanks to the 83% growth in the container segment
Seoul
+116% increase in the value of the average nole per container transported
Evergreen's quarterly financial performance hike
SHIPPING
Evergreen's quarterly financial performance hike
Taipei
Taiwanese company invests 186.8 million to buy new shipping containers
In the third quarter, container traffic at the Eurokai port terminals grew by 9.9% percent.
PORTS
In the third quarter, container traffic at the Eurokai port terminals grew by 9.9% percent.
Hamburg
In Germany (Eurogate) the increase was 13.6% percent. In Italy (Contship Italy) of 6.8%). Slowing growth at Tanger Med. Damietta terminal will become operational in April
SHIPPING
Danaos reports a new drop in quarterly revenue generated by fleet of container carriers
Athens
Coustas : With the Trump administration, which has promised new duties, a future reduction in container traffic is possible
PORTS
In the first ten months of 2024, the traffic of goods in Russian ports decreased by -3.2%
St. Petersburg
The dry goods amounted to 370.8 million tonnes (-3.5%), those liquids at 372.2 million tonnes (-2.9%)
INTERMODAL TRANSPORT
Alpe Adria activates new rail service between the port of Trieste and the Malpensa Intermodal terminal in Sacconago
Trieste
SHIPPING
Euroseas order in China the construction of two 4,300-teu feeder container
Athens
Quarterly revenue from rentals inj growth of 5.8%
STUDIES AND RESEARCH
The Analysis of the Fedespea Studies Centre on economic and operational performance of Italian container terminals
Milan
COMPANIES
GNV strengthens its business department with two nominees
Genoa
New business manager and new general manager of the company in Spain
PORTS
On the former Carbonyl of the Port of Genoa, the yards of the foranea dam and the subport tunnel
Genoa
The AdSP Management Committee deliberated it yesterday.
EDUCATION
In Genoa, the Graduation Day of the Italian Academy of Mercantile
Genoa
Delivered 50 diplomas at the end of the biennial and three-year formative course
MEETINGS
On November 27 in Rome, the public assembly of UNIPORT will be held
Rome
Meeting on the theme "Italian Ports, a network of businesses in the service of the country and of Europe"
MOURNING
Roberto Nappi, founder and director for 40 years of "Corriere Marittimo", has died.
Genoa
His career had begun at the writing of the Telegraph in 1958
NEWS
New EU sanctions to prohibit the use of ships and ports for the transportation of drones and missiles produced by Iran
Brussels
ASSOCIATIONS
Masucci confirmed president of Italian Propeller Clubs
Genoa
New mandate for the three years 2024-2027
NEWS
The seamen of the Galaxy Leader have been hostage for a year
London / Hong Kong
Platten (ICS) : It is unacceptable ; humanity prevails and they are immediately released
SHIPPING
MSC will implement a markup of noli for maritime transport from the Far East to the Mediterranean
Geneva
Increases of 25% and 18% for containers from 20 'and 40' direct in the western Mediterranean and Adriatic
SHIPPING
Completed the dual-fuel retrofit of a large container ship in Maersk
Copenhagen
He will be able to navigate methanol. Increased the hold capacity
PORTS
Environmental authorization of the Region to dredging the quays from 19 to 26 of the port of Ancona
Ancona
The intervention will cost a total of 16.5 million euros.
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
MEETINGS
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
INTERMODAL TRANSPORT
Intermodal shipments between the port of Trieste and Slovakia are growing
Trieste
PORTS
In the third quarter the container traffic handled by HHLA dropped by -2%
Hamburg
In Trieste the volumes processed by PLT Italy in the first nine months of 2024 have decreased
PORTS
In October container traffic in the port of Hong Kong grew by 0.7%
Hong Kong
In the first ten months of 2024, a decline of -5.2%
PORTS
In the July-September quarter freight traffic in the port of Civitavecchia fell by -11.8%
Cyvitavecchia
The Cruserists increased by 2.7%
PORTS
Last month the port of Singapore handled 3.5 million containers (+ 8.1%)
Singapore
In the first ten months of 2024, growth was 6.2% percent.
LOGISTICS
MSC has completed the acquisition of the majority of logistics company MVN
Geneva / Milan
The Milanese business plans to close 2024 percent with a turnover of 100 million euros.
MEETINGS
Conference of Assiterminal entitled "Ports in Connection-ESG, IA, CSRD"
Genoa
It will be held on December 5 in Rome
COMPANIES
In the summer quarter passenger traffic in the cruise terminals of Global Ports Holding grew by 27.5%
Istanbul
Revenue up 23%
PROGRESS AND TECHNOLOGY
SDC freight forwarder introduced artificial intelligence in the management of customs practices
Venice
Annually the practices followed exceed 15mila units
COMPANIES
The sale of the shipping company Santandrea from the Pacorini to Aprile
Trieste
The company was founded in 1989 in Trieste
PORTS
Port of Gioia Tauro, the memorandum of understanding for security in working environments and port operations
Joy Tauro
Will have a duration of three years
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
MEETINGS
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
MEETINGS
Conference of Assiterminal entitled "Ports in Connection-ESG, IA, CSRD"
Genoa
It will be held on December 5 in Rome
››› Meetings File
PRESS REVIEW
Sudan govt scraps $6bn Red Sea port deal with UAE
(The North Africa Post)
Argentina enfrenta tarifas portuarias hasta 500% más altas que otros países de la región
(Pescare)
››› Press Review File
FORUM of Shipping
and Logistics
Autorità di Regolazione dei Trasporti
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
COMPANIES
Paola Piraccini appointed as Legal Technical Collaborator of Spininvest
Genoa
Joined in magistrate in 1981, he is a retired cassation adviser
PORTS
The meeting in Rome between the representatives of Italian ports and ports in Florida
Rome
Expect a comparison to find common themes on which to set up a benchmarking task
PORTS
This year the Cruserists in the port of Ancona have grown by 18.9%
Ancona
25.1% increase in transits and drop by -5.1% of landings and embarkation
COMPANIES
Changed Risso constitutes a joint venture in Cagliari
Cagliari / Genoa
Partnership at 50% with Fausto Saba and Riccardo Vargiu
PORTS
Ok to the 2025 forecast budget of the AdSP of the Tyrrhenian Sea Centre North
Cyvitavecchia
It presents a surplus of more than 2.5 million euros
SHIPYARDS
In Palermo, the first sheet of the new ferry for the Sicilian region was cut off.
Trieste / Palermo
The delivery of the ship is scheduled for 2026
SHIPPING
Global Ship Lease's quarterly revenue records show the first decrease since the end of 2018
Athens
The company believes that its container fleet has very good future prospects of employment
COMPANIES
DP World signs an agreement to buy Australian Silk Logistics
Dubai / Melbourne
The expected value of the transaction is approximately 115 million
PORTS
A worker has passed away in the port of Crotone
Joy Tauro
He would suddenly go down to the ground while talking to some colleagues
PORTS
Torbianelli : well the ok of CIPESS in financing the future Molo VIII of the port of Trieste
Trieste
Of the estimated 315 million euros, 206.9 are expected by the state
COMPANIES
The French state has acquired 80% percent of the capital of Alcatel Submarine Networks
Calais
The company has a fleet of seven posacavi vessels
COMPANIES
Eurizon Capital (Intesa Sanpaolo Group) has acquired a majority stake in Germany-based
Milan
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