Ferretti Group and Sanlorenzo in Perini Navi takeover bid

Perini Navi

Ferretti Group and Sanlorenzo have joined forces to present the official receiver of the Tribunal of Lucca with an irrevocable proposal for the acquisition of the entire corporate complex of Perini Navi. Perini Navi was declared bankrupt in January 2021.
The proposal, presented through the 50:50 joint venture Restart S.p.A., relates to the shipyards in Viareggio and La Spezia, brands and patents, the share capital of Perini Navi U.S.A. Inc., and existing legal relationships with employees and other third parties. The value of the offer made for the acquisition has not been made public.

According to Restart’s announcement: “The irrevocable offer includes a business plan aimed at restarting production and relaunching the company, the band and, most of all, at ensuring growth and continuity of employment for the workers of the two shipyards as well as strengthening the relationship with the territory.”

In September 2021, Ferretti posted new order sales of more than €220 million in a “record-breaking” month. Ferretti has also confirmed that its order intake in the first three quarters of the year exceeded €900 million.

Ferretti Group and Sanlorenzo say they are prepared to invest considerable financial resources to implement a long-term relaunch and value creation plan. The companies would like to see Perini Navi return to being a dynamic and global shipyard and a benchmark of the Italian nautical industry across the world.

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