Ferretti Board Urges Shareholders to Reject KKCG Maritime Tender Offer

Ferretti S.p.A. ( (IT:YACHT) ) has issued an announcement.

Ferretti S.p.A. has dispatched its formal response document to shareholders regarding a voluntary conditional partial public tender offer by KKCG Maritime, which seeks to acquire up to 15.4% of the company’s subscribed and paid-in share capital. The move activates Hong Kong Takeovers Code procedures and places the terms of the offer, including the consideration, under detailed scrutiny for independent shareholders.

Both the independent financial adviser and the Independent Board Committee conclude that the offer price and terms are not attractive, fair, or reasonable for independent shareholders. With key board members concurring and formally urging investors not to tender their shares, the company is effectively resisting the attempted stake increase, signaling confidence in its standalone value and limiting potential shifts in its ownership and control dynamics.

More about Ferretti S.p.A.

Ferretti S.p.A. is an Italy-incorporated joint-stock company with limited liability, listed in Hong Kong under stock code 09638. The group operates in the maritime sector, with its shares actively traded and subject to international investor interest, as reflected by the current partial public tender offer for a significant minority stake.

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