Safe Harbors and Monaco Marine Enter Merger Talks

Monaco Marine, a leading boat service network in the Mediterranean, and Safe Harbor Marinas announced that they have entered into exclusive negotiations with a view to a merger. This transaction, after consultation with employee representatives and subject to regulatory approvals, will, if the proposed transaction is completed, result in Safe Harbor Marinas acquiring 100% of the share capital of Monaco Marine SA.

In a rapidly growing yachting market, Safe Harbor Marinas has expressed its intention to leverage the Monaco Marine network to develop its business in Europe, thanks to the synergies between the two groups. This merger would enable Monaco Marine to extend its network of shipyards.