The Italian Sea Group S.p.A.: 47million is the irrevocable proposal for the unitary corporate complex of Perini Navi S.p.A.’s Bankruptcy

Marina di Carrara, October 26th, 2021. The Italian Sea Group S.p.A. (“TISG” or the “Company”), global operator in the luxury yachting industry, announces that it has presented, on today’s date, an irrevocable proposal for the acquisition of the entire corporate complex of Perini Navi S.p.A. Bankruptcy to the Judge Delegate of Lucca’s Court of Law. In particular, the proposal relates to the industrial and real estate assets of the shipyards in Viareggio and La Spezia, the building complex in Pisa, one vessel under construction, project n. 2369, trademarks and patents, the social participation (100%) of Perini Navi USA Inc. and the existing legal relationships with employees and third parties.

The Price offered by The Italian Sea Group to the Perini Navi S.p.A. Bankruptcy procedure is equal to Euros 47.000.000,00 (forty-seven million/00).

The Italian Sea Group – which, in July 2021, had already confirmed its interest in Perini Navi, but only at values compatible with value creation for the company and its Shareholders – formulated an economic offer accompanied by a precise industrial plan and a plan to revive the prestigious Perini brand.

Such operation demonstrates once more TISG’s firm intention to increase the spaces dedicated to new constructions, as well as the resolve to further expand its reference market, strengthening positioning in the sail yachting world and bringing into the Group another internationally renowned brand such as Perini Navi.