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FT reports that Ferretti's chief executive criticizes Weichai, the largest shareholder in Italy as a proxy battle looms.

Posted to Maritime Reporter on April 30, 2026

The Financial Times reported that the chief executive of Italian luxury yacht maker Ferretti said it was held back by "a lack of industrial vision" as well as aversion towards risk among its large Chinese shareholders. CEO?Alberto Galassi made…

Ferretti shareholders submit rival board slates in advance of the May 14 showdown

Posted to Maritime Reporter on April 20, 2026

The two largest shareholders of Ferretti filed rival slates of candidates for the renewal of the Italian Yacht Maker's Board on Monday, setting up a fight at the annual meeting of the company on May 14. Czech investor KKCG Maritime has submitted…

Ferretti Board rejects KKCG Maritime's partial tender offer of 3.90 euros

Posted to Maritime Reporter on April 8, 2026

KKCG Maritime 'on Thursday rejected Ferretti’s opposition to 'its 3.90 euro a share partial tender offer', stating that directors nominated 'by 'controlling shareholder Ferretti 'International 'Holdings' (FIH), a 'unit' of 'China's Weichai Group','shaped' the recommendation.

Ferretti, the Italian yacht manufacturer, is offered a sweetened offer by KKCG Maritime for a stake increase.

Posted to Maritime Reporter on March 26, 2026

KKCG Maritime, a Czech 'investment firm', raised on 'Friday its voluntary offer - to increase its % stake in Italian yacht maker Ferretti up to 203.35 million euros (234.55 millions). The revised offer, which is 3.90 euros per share, values Ferretti at 1,32 billion euros.

Ferretti Group yacht manufacturer Ferretti Group acquired a 3.4% stake from Biglari Holdings

Posted to Maritime Reporter on March 12, 2026

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…

Ferretti's boss signals appetite for M&A amid annual core profit growth

Posted to Maritime Reporter on February 24, 2026

Italian yacht manufacturer Ferretti announced a 6.7% increase in its core profit for the full year, as well as a 47% jump in orders of made-to measure?yachts. Last year, adjusted?earnings prior to interest, taxes and depreciation (EBITDA), a measure of earnings before interest…

Ferretti's Czech Investor KKCG wants to increase stake and overhaul board

Posted to Maritime Reporter on January 19, 2026

Czech investment group 'KKCG' announced on Monday that it would make a voluntary offer of up to 182 millions?euros ($212m)?to increase its stake in Italian Yacht maker Ferretti, and also push for a management change. KKCG has made an offer that values Ferretti at 1.2bn euros…

Czech group KKCG offers to double Ferretti's stake

Posted to Maritime Reporter on January 19, 2026

According to calculations, Czech investment group KKCG announced on Monday that it had launched a partial voluntary offering to double its'stake' in Italian yacht manufacturer?Ferretti. KKCG will present its own slate of candidates to the Ferretti board after the deal is completed.

Italy has frozen Russian oligarchs assets worth more than $2.6 billion

Posted to Maritime Reporter on June 23, 2025

Data provided by Italian authorities shows that Italy has frozen Russian assets worth around 2.3 billion euro ($2.64 billion), with the latest seizures taking place at the beginning this month. Italy has seized bank accounts, yachts, luxury…

Ferretti, the Italian yacht manufacturer, is looking to acquire a new boat this year

Posted to Maritime Reporter on March 10, 2025

Ferretti, the Italian yacht manufacturer, plans to acquire a company or asset this year. The Chief Executive did not specify whether it would be a brand name, a yard, or something else. Alberto Galassi, CEO of the company, told journalists that there were three files.

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