Gaensel Energy Group, Inc. (GEGR) announces that its Green Solution Consorzio and LNG complete the first tranche of the acquisition of Tigullio Shipping Spa in pursuit of its marine LNG green energy projects

Salt Lake City, Utah–(Newsfile Corp. – July 25, 2022) – Gaensel Energy Group, Inc., (OTC Pink: GEGR) (“Gaensel” or the “Company”), a diversified holding company, is pleased to bring update and announce the finalization of the first tranche of the share capital of Tigullio Shipping spa, the company that owns and manages the west wing of the Chiavari Marina. (www.marinadichiavari.it).

The total final investment will be equal to €10,000,000.00, a sum totally self-financed by the Green Solution & GNL Consortium.

G. Pierfrancesco Mussumeci, President of the Consorzio, said: “At the end of the acquisition, the net assets of Tigullo Shipping spa will be approximately 15,000,000.00 with a 30-year concession from the Italian government. The acquisition of Tigullio Shipping spa will allow the Consortium to use the port of Chiavari, a renowned Ligurian tourist resort very close to Portofino, both as a commercial base for its Cantieri Navali Estensi brand (www.cantierieriestensi.it), and as first Italian tourist port equipped to supply hybrid diesel and LNG boats. “

In 2023, the Consortium will present its flagship “Cantieri Estensi”, which is a 64-foot yacht, with hybrid diesel and LNG engine at the Cannes International Fair. The project is already active and developed by Cantieri Estensi and Meccanica Yacht Services srl specialized in the refitting of marine engines and part of the Gaensel Energy group of companies.

The development of LNG also guarantees a green turn in the nautical industry without penalizing the performance and comfort of boats.

Tigullio Shipping’s five-year business plan plans to achieve a turnover of €5,000,000 with an active margin of €1,000,000/year.

Thanks to the synergies with the Port of Chiavari and the innovative green policy, as well as the expansion in the main European and American markets, Cantieri Navali Estensi, a brand controlled by the Consortium, expects to be able to reach a turnover of 30,000,000 euros by 2025.

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About Gaensel Energy Group, Inc. (OTC Pink: GEGR):

Gaensel Energy Group, Inc. (OTC Pink: GEGR) is an international holding company with assets exceeding $55.6 million. In 2021, the company posted revenue of $77.9 million with a healthy operating margin of 46.3%. by Gaensel

interests are diversified across multiple industries with projected double-digit annual growth rates over the next five years. Our asset base includes proven revenue-generating companies in biotechnology, commodities, healthcare, beauty-fashion, green renewable energy, technology and the metaverse.

Gaensel Energy Group, Inc.
57 West 200 South
Office 300
Salt Lake City, Utah 84101
[email protected]
Telephone: +1 518-567-3649
https://www.gegrgroup.com
https://twitter.com/gegrgroup

Forward-looking statements

This document contains certain forward-looking statements regarding the financial condition, results of operations and businesses of Gaensel Energy Group, Inc., (GEGR), and certain of GEGR’s plans and objectives with respect to these items. Examples of forward-looking statements include statements made about our strategy, estimates of sales growth, future EBITA and future developments in our organic business. Forward-looking statements can generally be identified as those containing words such as “anticipates”, “assumes”, “believes”, “estimates”, “expects”, “should”, “probably will result”, “anticipates”, “outlook”, “plans”, “may” or similar expressions. By their nature, forward-looking statements involve risks and uncertainties because they relate to future events and circumstances and many factors could cause Actual results and developments differ materially from those expressed or implied by such forward-looking statements.

These factors include, but are not limited to, domestic and global economic and business conditions, the successful implementation of our strategy and our ability to realize the benefits of this strategy, our ability to develop and commercialize new products, changes in legislation, legal claims, changes in foreign exchange and interest rates, changes in tax rates, pension costs and actuarial assumptions, raw materials and labor costs, our ability to identify and to make successful acquisitions and integrate those acquisitions into our business, our ability to successfully exit certain businesses or restructure our operations, the pace of technological change, political, economic and other developments in the countries where GEGR operates, the consolidation industry and competition. Accordingly, GEGR’s actual future results may differ materially from the plans, objectives and expectations set forth in such forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/131771

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