Italian Sea Group buys boat maker insolvent for 91 million dollars

Italian Sea Group buys boat maker insolvent for 91 million dollars ...

On Wednesday, The Italian Sea Group bought Perini Navi, a bankrupt luxury yacht maker for 90 million euros (91 million euros) on the land of a court in Tuscany.

Italian yacht makers Ferretti Group and SanLorenzo also offered to buy the luxury sailing brand Perini Navi, which was declared bankrupt in January.

Italian Sea Group said in a statement that the deal, funded at the beginning of the initial IPO, will double its order intake for refits and lead to new contracts for the construction of 90-130 metre motor yachts.

1 dollar = 0,8835 euros.

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