This was preceded by Perini Navi being declared insolvent by a court in Lucca on 29 January 2021. The takeover by the newly formed joint venture NewCo would include the brand rights, assets and business in Italy. Sanlorenzo's CEO Massimo Perotti speaks of a historic alliance, while Alberto Galassi, CEO of the Ferretti Group, emphasises the preservation of jobs and the safeguarding of supply chains. Representatives of NewCo have already met with the insolvency administrator.
A joint takeover would mean a shared risk and should also be watertight under antitrust law. In addition, the Ferretti Group and Sanlorenzo would avoid competition in the bidding process. The Italian Sea Group (Admiral, Tecnomar) from Marina di Carrara and Palumbo Superyachts (ISA, Columbus, Extra) from Ancona had also positioned themselves for a possible company auction. Ultimately, the weighty alliance emphasises the relevance of Perini Navi as an iconic brand within the Italian maritime industry.
