Minority stake in T. Mariotti
This agreement provides for Fincantieri's acquisistion of a minority stake in GIN Group’s holding company and an option for a minority stake in T. Mariotti.
Fincantieri said its stake will help GIN to achieve further financial strength, which is increasingly important to take on complex projects and to overcome market challenges, especially in the sector of small and medium-sized luxury cruise ship construction.
The Seabourn expedition ship newbuilds, initially announced as going to a newly formed venture between T. Mariotti and Damen, are now expected to go to the Fincantieri-Mariotti venture.
See also 'Damen, T. Mariotti part ways but Damen Cruise has a newbuild deal'
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