VPM, a subsidiary of Nouvelles Frontieres, has 15 bases around the world covering the Caribbean, Mediterranean, Pacific, Seychelles and Madagascar, and is considered a global yachting powerhouse.
The agreement foresees the formation of a joint company made up of Nouvelles Frontieres and Vernicos, which will absorb VPM.
Within the framework of the deal, on November 24 a joint proposal was submitted for the buyout of Stardust, France`s top yacht broker.
For Vernicos, this means exclusive use of its vessels in Greek waters, effective global marketing along with expansion and the strengthening of its position both domestically and internationally.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
