Cookie Consent by Free Privacy Policy website The Italian Sea Group S.P.A.: irrevocable proposal for the unitary corporate complex of Perini Navi S.P.A.’s bankruptcy
october 26, 2021 - The Italian Sea Group

The Italian Sea Group S.P.A.: irrevocable proposal for the unitary corporate complex of Perini Navi S.P.A.’s bankruptcy


Marina di Carrara, October 26th, 2021. #theitalianseagroup S.p.A. (“TISG” or the “Company”), global operator in the luxury yachting industry, announces that it has presented, on today’s date, an irrevocable proposal for the acquisition of the entire #corporate complex of #perininavispa Bankruptcy to the Judge Delegate of Lucca’s Court of Law. In particular, the proposal relates to the industrial and real estate assets of the shipyards in Viareggio and La Spezia, the building complex in Pisa, one vessel under construction, project n. 2369, trademarks and patents, the social participation (100%) of Perini Navi USA Inc. and the existing legal relationships with employees and third parties.

The Price offered by #theitalianseagroup to the #perininavispa Bankruptcy procedure is equal to Euros 47.000.000,00 (forty-seven million/00). #theitalianseagroup – which, in July 2021, had already confirmed its interest in Perini Navi, but only at values compatible with value creation for the company and its Shareholders – formulated an economic offer accompanied by a precise industrial plan and a plan to revive the prestigious Perini brand. Such operation demonstrates once more TISG’s firm intention to increase the spaces dedicated to new constructions, as well as the resolve to further expand its reference market, strengthening positioning in the sail yachting world and bringing into the Group another internationally renowned brand such as Perini Navi.

The Italian Sea Group
The Italian Sea Group is a global operator in the luxury yachting industry, active in the reconstruction and refit of motor yachts and sailing yachts up to 100 meters. The company, led by the Italian entrepreneur Giovanni Costantino, is active in the market with its brands Admiral, renowned for its exquisite and elegant yachts, and Tecnomar, recognized for the sportsmanship,
avant-garde design, and high-performance of its yachts; the company also has a business unites
which handles repairing and refit services with a focus on yachts and mega yachts with a length
exceeding 60 meters.