11:47 PM EDT, 10/19/2026 (MT Newswires) -- Sanlorenzo (SL.MI) made an offer for the La Spezia Shipyard business of fellow luxury yacht company The Italian Sea Group (TISG.MI). Sanlorenzo said Monday that it made the offer through Polo Nautico Carrara, a company that it co-owns with its Polo Nautico Viareggio subsidiary. The offer submission is part of the second phase of the competitive bidding process for Italian Sea Group's restructuring. The second phase closed on Monday, eliciting five binding offers, comprising three asset deals and two proposals for the entire business. All offers are under review, with the restructuring plan expected to be filed with the court at the end of October.

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