BonelliErede with Fincantieri on its JV with Edge

BonelliErede assisted Fincantieri in formalising the joint venture Maestral with Edge Group. With Edge being an advanced technology and defence group and Fincantieri a shipbuilding company, they have signed an agreement formalising the launch of Maestral, an Abu Dhabi-based shipbuilding Joint Venture between the two companies. 

About the joint venture

The JV, which recently announced an order for Euro 400 million, aims at capitalising on global opportunities for the design and manufacture of advanced naval vessels. Edge will hold a 51% stake and Fincantieri a 49% stake in the venture, with a commercial pipeline of orders valued at approximately Euro 30 billion. The incorporation of the JV is subject to certain conditions precedent customary for these transactions.

BonelliErede’s team

BonelliErede, through its Dubai office, acted alongside Fincantieri’s in-house legal team with a team comprising member of the shipping, transport & logistics focus team and managing partner of the Dubai office Marco De Leo (pictured above left), managing associate Riccardo Denaro (pictured above centre) and senior associate Marzia Spadea (pictured above right).

Fincantieri’s in-house team

The in-house legal team of Fincantieri included general counsel Alessandra Battaglia (pictured below), Andrea Buti, head of international legal affairs, Giacomo Ramponi of international legal affairs and Giacomo Olivari of ship Contracts and Sales Support.