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Tag "Sanlorenzo"

Third date of Perini Navi auction set

Third date of Perini Navi auction set

The date of the third Perini Navi auction has been set for December 22, according to bankruptcy trustee, Franco Della Santa following two previously failed attempts. Perini’s estate and assets will go under the hammer with a base price of

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Perini Navi receives two takeover bids

Perini Navi receives two takeover bids

This week has seen two bids for the faltering yacht builder, Perini Navi. The Italian Sea Group announced on Tuesday it had placed a €47m bid for the acquisition of the “entire corporate complex” of Perini following its bankruptcy in

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Sanlorenzo partners with Siemens

Sanlorenzo partners with Siemens

Sanlorenzo has partnered with Siemens Energy in its biggest commitment to sustainable yachting to date. The announcement, which came at the Cannes Yachting Festival this week, followed the reveal of strong financial results for the Italian builder in 2021 so

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Sanlorenzo-built Reine d’Azur destroyed by fire

Sanlorenzo-built Reine d’Azur destroyed by fire

The 29m Sanlorenzo yacht Reine d’Azur has caught fire off the coast of France during a charter trip. The yacht was anchored west of Port-Cros, south of France when the fire began at around 4:00am on August 11th, according to

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Perini Navi declared bankrupt

Perini Navi declared bankrupt

Italian superyacht yard, Perini Navi has been declared bankrupt after its debt structuring plan was thrown out by an Italian court. According to Italian media (Il Tirreno and Milano Finanza), the Court of Lucca — just west of Florence —

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Sanlorenzo: ‘Solidity and resilience’ reflected in Q3 results

Sanlorenzo: ‘Solidity and resilience’ reflected in Q3 results

Sanlorenzo’s third-quarter results demonstrate “solidity and resilience” are reflected in the third quarter results Massimo Perotti, the company’s Executive Chairperson, said during Monday’s meeting of the board. Net revenues from the sale of new yachts for 2020 reached €322.6m, down

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Sanlorenzo and UniCredit announce credit deal worth €20m

Sanlorenzo and UniCredit announce credit deal worth €20m

Sanlorenzo and UniCredit have signed an agreement for a credit line of €15m aimed at supporting companies within the shipbuilder’s production chain. The agreement allows immediate access to liquidity, funds will be available to Sanlorenzo suppliers first to finance their

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Flagship: No show for yacht show, what’s the impact?

Flagship: No show for yacht show, what’s the impact?

Yacht show cancellations worldwide have left a calendar empty of almost all face-to-face events for the remainder of the year. One notable exception is the Fort Lauderdale International Boat Show, due to take place between October 28th – November 1st.

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Sanlorenzo wins ‘Deloitte Best Managed Company’ award

Sanlorenzo wins ‘Deloitte Best Managed Company’ award

Superyacht builder Sanlorenzo has won the Deloitte Best Managed Company award for the third consecutive year. The prize is awarded by Deloitte every year to Italian companies that have stood out on the market. The firms are evaluated according to

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Sanlorenzo in positive position despite Covid-19 

Sanlorenzo in positive position despite Covid-19 

The Italian superyacht builder, Sanlorenzo, has published its latest preliminary financial results as of June 30th, indicating a net financial position between €24m and €26m, which it says represents a significant improvement compared with  €61m reported on 31st March.  Furthermore, adjusted earnings before

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