Subject to regulatory approval, leading UK yacht builder Sunseeker could have a new majority share owner within weeks.
Sunseeker has issued a press statement confirming that discussions with an unnamed third party are in progress “over the sale of a majority stake in the business with any deal being subject to the approval of various regulators.”
If the deal is concluded new investment will be forthcoming from the existing management and founder Robert Braithwaite.
Stewart McIntyre, Sunseeker’s chief executive, told SB: “The discussions are ongoing and I cannot add any more. If they are successful it will not be a matter of months before reaching an outcome. Nothing will change. The current management team will remain including founder Robert Braithwaite. That was a pre-requisite for the talks going ahead.”
McIntyre declined to comment on reports that the possible purchaser is the Chinese group Dalian Wang, the same company that McIntyre told SB a few weeks ago was buying into Sunseeker China, one of the two Chinese mainland distributors of Sunseekers. On the prospect that these talks might draw other potential buyers, McIntyre said: “We will not be talking with anyone else.”
A Financial Times report suggested that Sunseeker might be bought for around