Icon Infrastructure invests in the port of Salerno with Spinelli
The Genoa-based Group takes a 30% stake in SCT Salerno Container Terminal which handled some 350,000 TEUs in 2017
UK-based Icon Infrastructure fund added the port of Salerno, in Southern Italy, on the maps of the asset controlled around the world.
The 45%-controlled Spinelli Group announced to have sealed a deal through which is now owner of a 30% stake of SCT Salerno Container Terminal, one of the most promising terminal in the Italian container market scenario which handled some 350,000 TEUs in 2017.
The seller, Gallozzi Group, will maintain a majority share (55%) in the company; also the other partner Contship Italia (controlled by Eurokai) will retain its 15%.
Icon is an independent investment firm with over €1bn under management, focusing on privately held investments in infrastructure assets in Europe and North America. Since September 2015 it entered the Italian ports and logistics business looking for new opportunities of growth in a market progressively consolidating.