Thursday, August 5, 2021
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Perini Navi fails: debt restructuring plan rejected

The road to rescue Perini Navi is getting harder and harder. Today, the judges of the bankruptcy court of Lucca have in fact decreed the bankruptcy of the historic Italian sailing brand recognized and appreciated all over the world.

The extreme attempt to restructure the debt presented by Fenix, the holding company of the Tabacchi family that controls Perini Navi, a shipyard led by the president and CEO Lamberto Tacoli, who had recently tried the path of presenting bonds issued by the Blue international fund, is also rejected Skye, made available to issue a convertible loan of 30 million.

Perini Navi, as can be read from the papers, already presented, towards the end of 2019, an overall loss of 80.87 million with a debt exposure that reached 100 million.

Now, as also reported by Milano Finanza which – as far as we know it was the first newspaper to report today the bankruptcy of Perini Navi – the only way to save a brand that “made the history of world boating” (as is law at the end of the documents bearing the sentence), is to proceed with a bankruptcy auction where both Sanlorenzo Spa and the Ferretti Group would be very interested in participating.
Surely today the last page in the history of Perini Navi has not been written.

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