Vittoria Shipyard nears rescue, but Vittoria Yachts is a different story.

Not one, but two expressions of interest have been received (to date) to save Cantiere Navale Vittoria, a shipbuilding company for which access to the preventive composition procedure was requested in recent months at the Rovigo court.

Last week the Veneto Region revealed the identity of the individual who is having submitted an “irrevocable” expression of interestThis is Fcm Group, a local company headquartered in Corbola, in the Rovigo area, led by Matteo Fusetti and specializing in mechanical carpentry, civil engineering, industrial, hydroelectric, and naval plant construction. With the acquisition of CNV, the agency explains, the company "would expand and complete its product offering in a similar and complementary market." That's not all: the project underlying the proposal (which is subject to a deposit already paid), the Veneto Region adds, also includes the current managers of the technical structure, who had already signed up in recent months. outlined a management buyout operation with the search for a majority investor partner.

Subsequently, FCM Group itself came out in the open with a statement signed by Studio Mangano of Reggio Emilia, also based in Adria, explaining that it collaborated on the transaction, providing assistance with "financial and economic management," along with the law firm Francesca Martinolli. The statement also includes a statement from Michele Lauriero, spokesperson for the managers, who explained that, among the various proposals received, "Matteo Fusetti's stood out for its seriousness and concreteness, fully reflecting our corporate vision."

Today, news emerged that at least one other interested party (in addition to Fcm Group) has come forward to save Cantiere Navale Vittoria, although his identity has not yet been revealed (it is only known that in this case too, he is an industrial investor).

"This further expression of interest," emphasizes Stefano Lupi, the company's CEO, "demonstrates the keen interest shown by numerous businesses in Cantiere Navale Vittoria. Following the initial offer two weeks ago, it was predictable and desirable that new players would appear, and that is exactly what is happening. I am confident that following the launch of the competitive process, which we hope will begin as early as August, other investors will be willing to formalize their interest in the acquisition."

The restructuring plan presented by Cantiere Navale Vittoria includes a "basic" option for repaying the debt incurred with various creditors, and a so-called "improved" option, which involves the possibility of an investor taking over the company, providing additional financial resources that would benefit the credit community.

"We are very pleased," says President Paolo Duò, "with the arrival of this additional offer, which demonstrates the strategic appeal of our company's business. This expression of interest is considered an improvement over the previous one, in terms of payment terms and the amount offered. I have had the opportunity to interact several times with the investor in question—whose name will remain confidential for now—and I consider it a truly attractive option for CNV. It stands out for its vision, institutional relationships, expertise, and financial reliability. It is based on a significant relaunch project, and this is in the best interests of our staff, customers, suppliers, credit institutions, and the entire local supply chain."

Cantiere Navale Vittoria has approximately 50 direct employees and an estimated 250 induced workers.

What will happen to Vittoria Yachts, the young brand that in recent years began building a first pleasure craft, the Veloce 32 Rph?

According to what SUPER YACHT 24 has learned, Vittoria Yachts is now a fully separate company and its fate does not directly depend on the positive or negative outcome of the preventive settlement agreement involving Cantiere Navale Vittoria.

A year ago, the company itself announced the imminent entry of new investors into the company's capital, "to support," it wrote in a statement, "an industrial growth plan and positioning in the yachting market. This will result in significant expansion in terms of strategic development. This will allow the company to strengthen its commercial policies, which will enable it to acquire new orders and develop new boat lines."

Since last summer, and still today, Michele Zorzenon has held a 55% stake in Vittoria Yachts, while the remaining 45% is held by Magic Tree Srl (80% owned by Alessandra Schettino and 20% by Antonio Schiro). One of the pillars of the announced business plan was to include a new hub in Monfalcone, soon to be built, where Vittoria Yachts' operational headquarters would be located, while the Adria operations and manufacturing facility would remain in place for the foreseeable future.

Vittoria Yachts has been one of the newest shipyards to enter the world of superyachts in recent years, developing two product lines: the Explorer Project Bow Sprit 54-meter and the Veloce 32-meter RPH. Both were originally scheduled for delivery in 2024 and both interiors and exteriors were designed by Sergio Cutolo's Hydro Tec. The start of the outfitting phase for the Veloce 32-meter RPH was announced last year.

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