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04 June 2020 The on-line newspaper devoted to the world of transports 18:51 GMT+2

May 13, 2020

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Funding to The Italian Sea Group to increase shipyard capacity

Agreement with UniCredit and Deutsche Bank

La società di cantieristica navale The Italian Sea Group, which specializes in luxury yachting and active in the construction and refit of motoryachts and ships up to 140 meters in his Carrara Marina plant, announced that he was have signed a contract with UniCredit and Deutsche Bank funding of up to 20 million euros per support of the multi-year investment plan.

The company has specified that the funding will allow expand production spaces to increase construction site's production capacity and expand operations refitting that are carried out in the dry dock used in conjunction with the docks and other facilities present inside the construction site.

"I am very proud," commented the President of The Italian Sea Group, Giovanni Costantino - to have two partners such as UniCredit and Deutsche Bank that believe in our development plans, in the strength of the company and in our ability to look concretely to the future to grasp the opportunity that the market offers us. In a difficult environment like the current one - explained Constantine - we have confirmed all the investment programs that we had planned, to confirmation of our strength and characteristics that in little more a decade have made us one of the biggest players in terms of international sector in our industry."

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