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Sanlorenzo Eyes Acquisition of Perini Navi
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Sanlorenzo Eyes Acquisition of Perini Navi

Sanlorenzo is considering a "possible acquisition" of Italian shipyard Perini Navi and will analyse the potential takeover during "a period of exclusivity".

During this period, Sanlorenzo will "assess possible costs and synergies and evaluate any interest in concluding the transaction," a statement from the yard said.

In the event of an acquisition, it is "envisaged" that Perini Navi will be "majority-owned" by Sanlorenzo.

The yard is currently owned by the Tabacchi family and Lamberto Tacoli as well as indirectly by Fabio Perini via a holding company.

Such an acquisition would, Sanlorenzo said, allow it to "expand its business perimeter and further consolidate its presence in the superyacht sector".

It comes after Perini Navi has announced it was looking to restructure its debt to "overcome a moment of significant financial strain".

A statement released by Perini Navi said the board of directors has started proceedings to activate the agreement that must be agreed in court.

This action has been taken “to preserve the company’s operational and business continuity” and “overcome a moment of significant financial strain.”

The yard added that this strain had been “further exacerbated by the Covid-19 outbreak and its impact over all markets.” It continues to prioritise current orders already in-build, it said.

The statement added: “The board of directors intends to preserve the company’s business and heritage, thus ensuring continuity to the important orders currently in build, as well as achieving the highest possible level of creditors’ satisfaction, in compliance with the process to be undertaken.”

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