Italian Sea Group buys bankrupt luxury yacht maker for $91 million

Sanlorenzo SpA

22/12/2021 17:13

MILAN, Dec 22 (Reuters) - The Italian Sea Group  TISGR.MI 
said on Wednesday it had bought bankrupt luxury yacht maker
Perini Navi for 80 million euros ($91 million) in an auction
held by a court in Lucca, Tuscany.
    Italian yacht makers Ferretti Group and SanLorenzo  SNL.MI 
had also offered to buy the luxury sailing brand Perini Navi,
which was declared bankrupt in January.
    The Italian Sea Group said in a statement that the deal,
funded with most of the proceeds of its IPO and through bank
financing, will double its order intake for refits and lead to
new contracts for the construction of 90-130 metre motor yachts.
($1 = 0.8835 euros) 

 (Reporting by Maria Pia Quaglia; Editing by Alexander Smith)
 ((mariapia.quaglia@tr.com; +39 06 80307737;))