CARRARA. Twist. A company that wants to acquire The Italian Sea Group, the large yacht shipyard headquartered on Viale Colombo and overlooking the Apuan port, in financial crisis since February, comes to light. It is called Polo Nautico Carrara, it is an srl. The news comes from Sanlorenzo spa, a very well-known yacht brand company, geographically close to Tisg, so much so that the main shipyards are in Massa, La Spezia-Ameglia, Viareggio. Sanlorenzo announces that today (July 27) «Riccardo Cima has submitted on behalf of the promoters of the newly established Polo Nautico Carrara srl a letter of interest accompanied by an offer» which has as its «object the acquisition of the entire business complex that belongs to Tisg». The Offer includes the commitment to participate in the competitive procedure that may be called for the related transfer.
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Who they are
Polo Nautico Carrara, reads a note from Sanlorenzo, will be «a company with consortium functions», «promoted with the aim of safeguarding employment levels», «favoring the resumption of industrial activities», «supporting the production chain». The offer was presented to Tisg and to the judicial commissioners appointed by the Florence Court since Tisg submitted on July 1 to the Florence Court a request to access a crisis regulation procedure.
Composition
Sanlorenzo also announces what the composition of Polo Nautico Carrara should be: it is expected that «10 percent of the share capital will be held by a company to be established by Riccardo Cima and some suppliers; 90% should be held by two or three international-level shipyards». Sanlorenzo «has confirmed its interest in participating in the capital with a minority share and has issued a letter of patronage to support Polo Nautico Carrara’s participation in the competitive procedure».
What it wants
The scope of the offer includes «the entire business complex of Tisg, without debts and without credits». «We chose to join this operation – comments Massimo Perotti, executive chairman of Sanlorenzo – because we believe that the role of a leading company is measured not only by the ability to create economic value, but also by the responsibility to protect employment, preserve strategic skills and ensure the continuity of productive activities that represent a fundamental asset for the territory».
«The offer is made on the assumption that the sale of the company takes place within a bankruptcy procedure to which Tisg – the note continues – is subject and that allows excluding the joint liability of the buyer for the debts of the transferred company and the release from any lien, pledge and mortgage on the movable and immovable assets transferred». The law firm Musumeci, Altara, Desana e Associati (Madlex) assisted Sanlorenzo for the legal aspects of the operation.
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