FH S.p.A. announces to have perfected the sale of 100% BCC1 S.p.A.

BCC1 has started its business with the aim of promoting and developing investments in the shipping market both directly through the Bareboat management of an Aframax vessel of 105,000 tonnes and indirectly through 3 JVs relating to as many naval product units.

At the end of 2016, due to the redelivery of the Aframax unit and the depreciation recorded in the reference market, without the possibility of further investing in the shipping and as the Company provided "Document of Compliance", it has been adopted for the sale. The operation is aimed to free up resources to invest in other investments, reducing potential losses in the investment itself.