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Sanlorenzo will go public

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Sanlorenzo SpA, the world's third largest manufacturer superyacht builder, is to be listed Milan Stock Exchange. IBI News reports that with 35% of the shares intends to part with chairman and majority shareholder Massimo Perotti , the chairman and majority shareholder, Massimo Perotti.) Thereby he thereby tries to ensure that Sanlorenzo is not associated with him as the absolute hegemon at the top of the company.

Perotti would still retain a controlling 61% of Sanlorenzo, which he owns through a family holding along with his two children.

The remaining 4% is held directly to management.

Previously this year, after Perotti bought out the stakes held by firms from the Apennine peninsula and from the Celestial Empire, Sanlorenzo became a wholly Italian company again.

«Sanlorenzo is going public in order to be able to to be able to grow», the desirability of this decision by Perotti in a conversation with the newspaper La Stampa.

For the last financial strength, Sanlorenzo has been growing steadily on the market in the market and has been growing steadily. The group's turnover in 2019 is expected to reach €460 million. The optimism in of this situation is more than justified: Sanlorenzo's 2018 financial year ended with a turnover of of €383 million, compared to €300 million the year earlier. For 2019-2020, an order book of €505 million has already been formed. And only. 6% of them are covered by boats presented in dealers' warehouses, the remaining vessels are in under construction.

The main advantage of going public is that Sanlorenzo can raise significant capital for the further further development of the company. However, there are also risks: increased regulatory of regulatory oversight by investors, who are constantly investors seeking new ways to make profits could undermine the management of such a successful business.

Today Sanlorenzo, founded in 1958 and purchased Perotti in 2005, has production facilities facilities in the cities of Amella, La Spezia, Massa and Viareggio. The group employs about 450 staffs. Sanlorenzo employs about 450 full time employees and about 1,200 contractors.

В earlier this year, Perotti strengthened the management team by appointing Ferruccio Rossi Sanlorenzo CEO Ferruccio Rossi (Ferruccio Rossi) and CarlaDemaria fromUcina-Confindustria Nautica to oversee the Bluegame brand and other tasks.

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