Azimut Benetti takes full ownership of Fraser

Azimut Benetti has exercised the option to purchase the shares of the minority shareholders V.Ships.

Azimut Benetti now has full ownership of Fraser, where previously it held 83% of the shares. Paolo Vitelli, of Azimut Benetti, comments, 'With immense pride, I confirm that today Fraser is the largest luxury yacht services provider in the world, with activities in Sales, Charter Retail, Charter Management, Yacht Management, Project Management and Crew Placement.

This acquisition is part of the strategic plan of our Group, the world's leading luxury yacht builder for the past 17 years, to provide not only the best superyachts, but the best service  to superyacht Owners. We are in fact the only nautical player in the world to take care  of the Owner throughout the yacht's lifecycle, from the  purchase of the yacht to its management, refit and repair services, crew selection, charter, and resale.

Technology, Design, Care and Service to the Owner are our distinguishing values. It is with these values that the Group and its companies are committed to perpetuating the path of growth and constant innovation that has always been the  key to Azimut Benetti and which makes us the world’s largest and most prestigious privately held luxury yachting group.'