The Italian financial newspaper Milano Finanza yesterday reported that Perini Navi — builder of many storied vessels, including the 289-foot sailing yacht Maltese Falcon — filed for bankruptcy protection.
The paper also reported that Sanlorenzo is looking to take a 70 percent controlling stake in the the Viareggio-Italy-based company. Perini Navi will first restructure its debt to allow the Tabacchi family, who hold a 49.9 percent interest in the yard, to create a holding company with Sanlorenzo.
The report stated that both owners will finance Perini Navi. Sanlorenzo plans to invest 30 million euros, and the Tabacchi family will contribute 10 million euros.