The ownership of Italian tanker and bulker company Premuda is changing.
Pillarstone, a debt management platform established by US private-equity giant KKR and run by former banker John Davison, is expected to become a majority shareholder as part of the restructuring of Genoa-based Premuda.
Pillarstone will be “by far” the largest creditor of Premuda after the transfer of around EUR 250m ($279m) in loans by three Italian banks.
It
