Independent journal on economy and transport policy
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The Board of Directors of The Italian Sea Group approves the merger plan for the incorporation of the subsidiary New Sail
The company was formed in November in order to acquire the two Perini Navi business complexes
February 17, 2022
TISG explained that in view of the function instrumental that the incorporating company has carried out since its constitution and the fact that the exercise of the activity through two entities active in the same sector would not respond to the criteria of economy, the incorporation of the New Sail in the controlling company TISG allows to unify and integrate the processes decision-making, to pursue greater management efficiency, thanks to the development of significant production synergies, logistic, corporate and administrative, as well as to achieve a containment of administrative costs.
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TISG explained that in view of the function instrumental that the incorporating company has carried out since its constitution and the fact that the exercise of the activity through two entities active in the same sector would not respond to the criteria of economy, the incorporation of the New Sail in the controlling company TISG allows to unify and integrate the processes decision-making, to pursue greater management efficiency, thanks to the development of significant production synergies, logistic, corporate and administrative, as well as to achieve a containment of administrative costs.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
