PPF Group enters into partnership with Groupe Beneteau

Published: 29.07.2021 Related countries:  Singapore Singapore

PPF Group enters into partnership with Groupe Beneteau

The PPF Group will start a joint venture with Groupe Beneteau, a traditional French manufacturer of smaller recreation vessels and sailboats, to create a new global leader in the segment of boat rentals. The transaction consists of acquiring controlling shares in Dream Yacht Charter and Navigare Yachting. Thanks to the ownership of modern digital platforms, including online reservation systems, Dream Yacht and Navigare are ready to continue in vast digitisation and satisfy their customers' growing demand. PPF will hold 59% and Beneteau 41% of shares in the joint venture. The transaction should be settled by the end of September. (Source: ČIA News www.cianews.cz/en)