Legal Proceedings Report • Jul 15, 2021
Legal Proceedings Report
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| PAFII CONNECT |
|---|
| ------------------ |
| Informazione Regolamentata n. 2378-12-2021 |
Data/Ora Ricezione 15 Luglio 2021 11:20:26 |
MTA | ||
|---|---|---|---|---|
| Societa' | : | THE ITALIAN SEA GROUP | ||
| Identificativo Informazione Regolamentata |
: | 149957 | ||
| Nome utilizzatore | : | ITALIANSEAGROUPN04 - Alessandro Lazzoni |
||
| Tipologia | : | 2.2 | ||
| Data/Ora Ricezione | : | 15 Luglio 2021 11:20:26 | ||
| Data/Ora Inizio Diffusione presunta |
: | 15 Luglio 2021 11:20:27 | ||
| Oggetto | : | The Italian Sea Group: Findings of Perini Navi Due Diligence by Deloitte |
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| Testo del comunicato |
Vedi allegato.
Marina di Carrara, July 15th 2021. The Italian Sea Group S.p.A. ("TISG" or the "Company"), global operator in the luxury yachting sector, announces that, after having mandated the company Deloitte ("Deloitte") to carry out an indepth analysis on the documents provided by the insolvency administrator Mr. Franco Della Santa for the sale of Perini Navi assets, the findings have highlighted certain valuation elements indicating that it is not advisable for the Company to participate in the auction on July 30th, 2021.
TISG confirms its interest in Perini Navi only at sustainable values with a view to creating value for the Company and its shareholders.
The Company pursues its development plans and will evaluate further possible growth opportunities, as stated during the listing process.
This press release is available in the Investor section of the website theitalianseagroup.com/it/investor/.
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This document is an English translation from Italian. The Italian original shall prevail in case of difference in interpretation and/or factual errors.
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The Italian Sea Group is one of the global operators in the luxury yachting industry, active in the construction and refit of motor and sailing yachts up to 100 meters. The company, led by the Apulian entrepreneur Giovanni Costantino, is active in the market with its brands: Admiral, renowned for its exquisite and elegant yachts; Tecnomar, recognized for the sportsmanship, avant-garde design, and high-performance of its yachts. The company also has a business unit that offers repairing and refit services with a focus on yachts and mega yachts with a length exceeding 60 meters.
Media Relations Image Building: Tel. +39 02 89011300 / +39 06 68392100 E-mail: [email protected]
Investor Relations Blue Arrow – Maria Grazia Mantini Tel. +41 78 723 6840 E-mail: [email protected] E-mail: [email protected]
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