Ferretti's second-largest investor, KKCG Maritime, said it had notified the Italian Government of possible breaches of so called golden power rules?ahead of a shareholder battle over boardroom renewal.

Ferretti's biggest shareholder is China Weichai, with a stake of 39%. KKCG Maritime of the Czech Republic, which raised its 'holding' to 23% earlier this year, aims at taking control of a company board away from Weichai.

Italian business newspaper MF reported on 'Wednesday' that China-linked investors have increased their share purchases of the yacht manufacturer ahead of a shareholder meeting scheduled for Thursday to appoint 'new board members. KKCG stated that "Such a?information confirms our concerns about compliance with applicable regulations", such as golden power rules.

"KKCG Maritime formally notified the Italian Government of these concerns on May 11, 2026. It added.

The?government of Italy has "golden powers", which it can use to interfere in companies that are deemed to be strategic for?national interest. Ferretti's security division?supplies vessels to security forces in Italy and abroad.

Ferretti owns seven different yacht brands including Riva and Wally. According to the group's 2025 annual report, revenues at the?Ferretti Security Division accounted for 0.4% of its total revenue.

KKCG's chair said two weeks ago that the defence?business was one of a number of areas in which it would like to grow.

(source: Reuters)