The Italian Sea Group S.p.A. approves merger plan for the incorporation of subsidiary New Sail S.r.l

Global operator in the yachting industry The Italian Sea Group S.p.A. (TISG) has announced the approval of a merger plan, to incorporate the fully owned subsidiary New Sail S.r.l.

The aim for New Sail S.r.l. in the controlling of TISG is the unification and integration of decisional processes, reduced administrative costs and a higher managerial efficiency. This is thanks to the development of relevant synergies in terms of production, logistics, corporate and administrative matters.

Following the TISG merger, all assets and liabilities of New Sail S.r.l. will be taken over with full rights. This includes all rights in rem and rights of claim, applications for recognition, concessions and administrative authorisations in general, deposits, contracts and agreements as well as all commitments, obligations or liabilities.


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