Italian superyacht builder Gruppo Baglietto has gone into voluntary liquidation, following a meeting with shareholders on March 26.

Board member Federico Galanti has been named liquidator and sole director of Cantieri Navali Baglietto at Varezze and La Spezia and of Cantieri di Pisa.

Gruppo Baglietto’s controller, the Camuzzi Group, has confirmed its intention to remain in the marine sector, but says that without an agreement with lenders the yacht builder risks failure, according to reports in the Italian press.

Parties rumoured to be interested in acquiring Baglietto include investment fund Atlantis and Ameglia-based superyacht builder Sanlorenzo.

Losses resulting from the crisis are said to have left Baglietto in the red by