The U.S. investment firm Biglari 'Holdings announced on 'Thursday that it had purchased a 3,4% stake in the?Ferretti -Group. KKCG, a Czech investment group, is preparing to make a partial offer for the Italian yacht manufacturer.

Biglari Holdings was founded by entrepreneur Sardar Biglari and has a diverse portfolio of investments. These range from the energy group Abraxas Petroleum Corporation to the restaurant chain Steak in a Shake.

Biglari Holdings, the U.S. firm, said in a statement emailed to the press that "Ferretti Group is a unique platform in the luxury yachting sector, and we are proud to be an investor in this company".

Earlier this summer, KKCG made an 'offer' worth up to 182 millions?euros ($210.37 mln) to double their 14.5% stake in Ferretti, and urged the company to restructure its board. The members of that board were chosen by a Chinese top investor, Weichai.

The?offer?will?start?on March 16. The?offer will?start on March 16.

(source: Reuters)