A source familiar with Camper & Nicholsons International told SuperyachtNews.com the sale has not yet been finalised and documents are waiting to be signed, though was unable to confirm the name of the purchasing entity.
Under French commercial law, the fate of a holding company does not impact upon that of its subsidiaries. As such, when speaking to SuperyachtNews.com, the source predicted that little would change at Camper & Nicholsons International as a result of the sale.
The brokerage house's history in the maritime industry began some 232 years ago, in 1792, as a small shipyard in Gosport and in the early 1900s added crew supply to its offerings, before diversifying into brokerage in the 1950s. Today, the company’s brokerage and charter service is one of the leaders in the superyacht industry and so far in 2014 the company has sold 16 superyachts.
The legal documents referring to the sale can be viewed here.
SuperyachtNews.com will bring more news when the sale is confirmed.
If you've found this story to be 'a report worth reading' and you would like to enjoy access to even more articles, insight and information from The Superyacht Group, then you may well be interested in our print subscription packages, which include the most comprehensive and up-to-date information on the state of the superyacht market. Subscribe here, to these 'Reports Worth Paying For'