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Italian JV GMC Acquires Zouros

Laxman Pai

Greek-Euro Towage Maritime Company (GMC), a joint venture company operated by Italian tug owners Rimorchiatori Mediterranei, Fratelli Neri and Rimorchiatori Laziali, is set to acquire 80% of the assets and operational interests in Zouros Group.

Zouros retains the remaining 20% stake, with the two companies' fleet of tugs to be brought together under their joint operational responsibility.

Rimorchiatori Riuniti is an operating holding company active in the harbor, offshore and shipping sectors, controlled by private Genoese families long active in the maritime industry.

Fratelli Neri, which provides harbor towage and related maritime services, is owned and operated by Livorno's Neri family.

Rimorchiatori Laziali is the leading company in the Cafimar Group and the licensee for towage services for Civitavecchia harbor.

The three have a combined fleet of 200+ tugs active throughout the Mediterranean and Black Sea as well as in Latin America.

Based in the key ports of Piraeus and Thessaloniki and owned by the family of the same name, Zouros is one of Greece's principal harbor towage service providers with a fleet of 14 vessels comprising Anchor Handling Tug Supply (AHTS) vessels, oceangoing and harbor tugs and freight and personnel-carrying launch boats.

Watson Farley & Williams is advising the acquisition.

Jun 26, 2019

 

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