Tag: Italy
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UAE yacht firm OceanWorld acquires stake in Italian shipyard Wider
In the next phase of its growth, Italian yacht builder Wider has announced a new capital increase and shareholder. The UAE-based OceanWorld Group has acquired a stake in the holding company Wider Luxembourg S.à.r.l. to establish a strategic partnership with it. The agreement, with its planned gradual entry, was signed in 2019, finalized through a…
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Ferretti Group appoints AAA Marine as new UAE and Oman dealer
Italian shipbuilder Ferretti Group has inked a deal with AAA Marine, a merger between Al Otaiba Investment and RIC Holding, to become the authorized dealer of the brand in the UAE and Oman. The deal, signed at Emirates Palace in Abu Dhabi, will see AAA Marine as the regional representative of the shipyard’s core brands:…
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The Italian Sea Group Refute £186m Legal Filing Against Crew and Widow of Bayesian Superyacht Owner Mike Lynch
September 22, 2024 – On Saturday, September 21st, Italian newspaper La Nazione reported news of a representative for the Italian Sea Group filing documents in a Sicilian Court on Friday against the crew and widow of Bayesian superyacht owner Mike Lynch. The Italian builder reportedly sought legal damages of up to £186 million, citing reputational…
