Details released for Perini Navi auction

An advertisement in the Financial Times has given details of the forthcoming auction of bankrupt Italian yacht builder Perini Navi.

The deadline for offers is 12:00 on 29th July 2021, with the base auction price being set at €62.5 million (c. $74.6 million) and each bidder having to pay a fixed security deposit of €10 million (c. $11.9 million). The assets offered for sale are the business complex of the two shipyards of Perini Navi S.p.A in Viareggio and La Spezia in a “unitary and inseparable form”.

In addition to the physical shipyards, the assets also include land at Pisa, brands and patents, boat construction under contract no. 26309, 100% share capital of Perini Navi USA Inc., and existing legal relationships. Submitted bids must contain all the conditions and specifications set out in the full notice of sale.

Three potential bidders have already expressed an interest to buy Perini Navi; the joint venture between Ferretti group and Sanlorenzo called Newco, the Italian Sea Group and Palumbo Superyachts.

Bids will be opened at 15:00 on 30th July, in the presence of Franco Della Santa, the official receiver and Lamberto Giusti, the appointed Notary Public. If necessary, a Bankruptcy Judge will also be present.

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Source: IBI News


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