Cruise and logistics firm MSC Group is looking to acquire a 15% shareholding of the company which runs Italy’s Genoa airport.

MSC has submitted a binding proposal to purchase the minority stake in Aeroporto di Genova, which is held by Aeroporti di Roma, the management company for Rome’s Fiumicino and Ciampino airports.

Aeroporti di Roma had previously disclosed that it was offering to divest the shareholding to support development of the northern Italian facility.

It states that the transaction – terms of which have not been disclosed – will be completed once standard regulatory conditions are satisfied.

Genoa airport-c-Alessio Sbarbaro Creative Commons

Source: Alessio Sbarbaro/Creative Commons

Aeroporto di Genova is embarking on a new strategic plan for 2024-29

Entry of MSC into the shareholding ensures “adhesion and consistency” with the strategic direction that Aeroporto di Genova has been pursuing, it adds.

Genoa airport handled 1.27 million passengers last year, up 4.6%, generating revenues of €28.8 million.

The airport’s board of directors recently approved a new plan for 2024-29, aimed at stemming losses and strengthening the company with a capital increase.

Aeroporto di Genova’s remaining 85% interest is held by West Ligurian Sea port authority, with 60%, and the Genoa chamber of commerce which has 25%.