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Ferretti S.p.A. ( (IT:YACHT) ) has issued an update.
KKCG Maritime has launched a voluntary conditional partial public tender offer to acquire up to 52,132,861 shares of Ferretti S.p.A., representing 15.4% of the company’s subscribed and paid-in share capital. The offer process is advancing as Italian regulator Consob has reopened its review of the offer document, with approval expected on or before 28 February 2026.
The reopening of Consob’s review period follows an earlier suspension and does not affect the separate review being conducted by Hong Kong’s Executive under the HK Takeovers Code. Publication of the final offer document remains contingent on that Hong Kong approval, meaning the timetable and execution of KKCG Maritime’s stake-building in Ferretti still hinge on cross-jurisdictional regulatory clearance.
More about Ferretti S.p.A.
Ferretti S.p.A. is a yacht manufacturer listed in Hong Kong under stock code 09638.HK and in Milan under the ticker YACHT. The company operates in the luxury maritime industry, focusing on the design and production of high-end leisure vessels for global clients and investors seeking exposure to premium boating markets.
For a thorough assessment of YACHT stock, go to TipRanks’ Stock Analysis page.