Monaco Marine and the American group Safe Harbor Marinas announce today 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. In particular, this merger would enable Monaco Marine to extend its network of shipyards.

Information on Safe Harbor: From its headquarters in Dallas, Texas, Safe Harbor Marinas, owns and manages 139 marinas and shipyards in the United States and the Caribbean.

Information on Monaco Marine: Founded in 1995 in Monaco by Michel Ducros, Monaco Marine is a leading network in the Mediterranean, offering services ranging from maintenance to complete refits for pleasure boats from 10 to 90 metres.