Catana Group, the world’s third largest catamaran manufacturer announced the acquisition of 75% of Magic Yachts’ capital through Haco, the French group’s Tunisian production subsidiary, which already accounts for 20% of the Group’s production.
Magic Yachts is a legendary shipyard, created in 1999 in Bizerte by Wally. It is located in the Bizerte free zone.
It has a seafront site of almost 30,000 square meters, including more than 10,000 square meters of modern buildings and an experienced workforce.
This acquisition will be final after the lifting of the last conditions precedent, no later than the end of March 2020, says Catana, while stating that the collaboration between the two companies has already intensified.