Italian entrepreneur Gabriele Volpi, who made his fortune in the Nigerian oil and gas supply sector, has come up with a €60M bid for Porto Marghera bulk terminal operator Terminal Intermodale Adriatico (TIA), which is in receivership.
The offer, made through Orlean Invest Holding Ltd, is the only one that has come in.
Under the proposal, existing creditors would be paid as follows: €24M for Interporto Venezia, €23.5M for Sonora Srl, €8.85M for associated property benefits, and €11.65M for various participations in TIA.
TIA got into difficulty due to financial problems at Gruppo De Vecchi. TIA Marghera occupies around 24-ha, and handles breakbulk, dry bulk and iron and steel products.