Sanlorenzo To Acquire Perini Navi

Author:
Publish date:
shipyard_maltesefalcon-

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.

Sanlorenzo last year went public with an IPO, reported a 40 percent sales gain and finalized its acquisition of Bluegame Yachts.

Related

Suzuki Powers Forest River’s New Nepallo Pontoon Boats

The new Nepallo line of pontoon boats with Suzuki engines will be sold at select Camping World and Gander RV & Outdoors stores.

West Marine CEO to Keynote Annual MRA Event

With a “Climate for Change” theme, the Marine Recreation Association’s Educational Conference and Trade Show is set for Oct. 11-13.

Skeeter Owner’s Tourney Held on Lake Fork

A field of 2,000 anglers in 1,000 boats saw a nearly 10-pound bass capture first place in the annual Skeeter owner’s tournament.

Email Remains a Vital Marketing Tool for Dealers

A content marketing staple, emails can consistently deliver valuable and relevant information, if done correctly.

ABYC to Publish Largest-Ever Standards Manual

The nonprofit is offering pre-orders until June 18 of its updated standards manual, with a publication date of July 31.

Furuno, Simrad Add SiriusXM Fish Mapping Suite

The subscription-based service offers offshore anglers a suite of technology with which to locate and catch more fish.