Ferretti Group and Sanlorenzo Present Perini Navi Takeover Proposal

By George Bains

There has been another major development in the efforts to salvage yachtbuilding giant Perini Navi. Ferretti Group and Sanlorenzo have announced that they have presented to the official receiver of the Tribunal of Lucca an irrevocable proposal for the ecquisition of the entire corporate complex of Perini Navi.

Perini Navi declared bankruptcy in January 2021, and has since failed at auction on two occasions. Significant efforts to save Perini Navi have been made by Palumbo Superyachts and more recently the Italian Sea Group, and now a major partnership between Ferretti Group and Sanlorenzo becomes the latest possible route to resurrection.

The price had previously been deemed too high for Ferretti Group and Sanlorenzo, but the two iconic Italian shipyards are back with a proposal to save another historic Italian brand.

The irrevocable offer includes a business plan “aimed at restarting production and relaunching the company, the brand and, most of all, at ensuring growth and continuity of employment for the workers of the two shipyards as well as strengthen the relationship with the territory.”

The proposal, which has been presented through the 50:50 joint venture Restart S.p.A, relates to the shipyards in Viareggio and La Spezia, brands and patents, the share capital of Perini Navi U.S.A Inc., and existing legal relationships with employees and other third parties.

Both Ferretti Group and Sanlorenzo are world leaders in delivering top quality Made In Italy superyachts, with the experience, capability and financial clout to implement a long-term relaunch of Perini Navi.

However the saga plays out, we hope to see Perini Navi back delivering its trademark yachts in the near future.

By George Bains
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