The cruise ship companies are buying into the port of the city
A financial operation brought the company “Venezia Investimenti SRL” to potentially become the future majority shareholder of “VTP spa”.
Who are these companies, you wonder?
“Venezia Investimenti SRL”‘ is a society whose shareholders are the cruise companies “MSC”, “Costa Crociere”, “Royal Carribean”; while “VTP spa” is one that controls the Venice Cruise Terminal, some docks and structures of the Venice port.
Wait, there is more: as of now, “Venezia Investimenti SRL” (the cruise companies) owns 48% of a company that controls “VTP spa” (the port), but in the coming 2 years their share can grow over 51% and they could this way get direct control over “VTP spa”. So yes, you read and understood well: the cruise companies will be owners of the Venice Cruise Terminal and other assets of the local Port…
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