The Czech group KKCG launches a partial takeover bid for Ferretti | EUROtoday

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The dispute over the yachts heats up Ferrettiin view of the meeting subsequent May. The Czech group Kcg Maritime launches a voluntary partial public buy provide for a most of 52,132,861 Ferretti shares, with the purpose of accelerating its stake from 14.5% to 29.9% of the corporate’s share capital. Upon completion of the provide, a notice explains, KKCG Maritime intends to train the voting rights in assist of the election of candidates to the Board of Directors that it’s going to suggest within the context of the subsequent shareholders’ assembly of the nautical firm.

Kkcg Maritime is wholly owned by Kccga European group that invests in corporations with the purpose of accompanying them in innovation processes and enterprise growth, based by the Czech entrepreneur and philanthropist Karel Komarek. He has been a shareholder of Ferretti since its itemizing in 2023 and launched the provide “in order to increase the stake, while offering other shareholders the opportunity to partially monetize their investment, in a context of low liquidity of the stock”.

The provide isn’t aimed toward delisting Ferretti shares and, in any case, is not going to lead Kkcg Maritime to exceed the 30% threshold (which might give rise to the duty to advertise a compulsory takeover bid). Under the phrases of the provide, collaborating shareholders will obtain 3.50 euros per share in money (equal to roughly 31.71 Hong Kong {dollars}) on a cum-dividend foundation. The consideration represents a premium of 21.3% in comparison with the official undisturbed value of December 11, 2025 on Euronext Milan (i.e. the final buying and selling day earlier than the beginning of the current sequence of share acquisitions by Ferretti’s largest shareholder) and 21.9% in comparison with the closing value on the Borsa in Hong Kong on the identical date.

The most total worth of the provide quantities to 182,465,014 euros. If the variety of tendered shares exceeds the utmost quantity coated by the provide, the distribution will happen based on a proportional criterion with Kkcg Maritime buying the identical proportion of tendered shares from every collaborating shareholder.

Currently the principle shareholder of the Ferretti Group is the Chinese group Weichai Groupby means of its subsidiary Ferretti International Holding. Weichai holds essentially the most significant slice of the corporate’s share capital, equal to roughly 37.5% of the whole shares, making it the reference shareholder of the Italian nautical group.