KKCG Maritime Tender Offer for Ferretti Starts With No Acceptances

The latest update is out from Ferretti S.p.A. ( (IT:YACHT) ).

KKCG Maritime has launched a voluntary conditional partial tender offer to acquire up to 52,132,861 shares of Ferretti, equivalent to 15.4% of the yacht maker’s share capital, but reported no acceptances as of 17 March 2026. The offeror, which already directly holds 14.5% of Ferretti, confirmed that neither it nor its concert parties have acquired additional shares or engaged in significant securities borrowing or lending during the offer period, and it plans further announcements on acceptance levels and final results, leaving the outcome and potential shift in Ferretti’s shareholder structure still uncertain.

KKCG Maritime’s unchanged holding and the lack of early tenders suggest investors may be cautious about the offer terms or are waiting for more clarity on pricing and allocation. The tender outcome will be closely watched by stakeholders, as a successful partial acquisition could consolidate KKCG Maritime’s influence at Ferretti, potentially shaping future strategic decisions and governance dynamics at the luxury yacht builder.

More about Ferretti S.p.A.

Ferretti S.p.A. is a yacht manufacturer listed in Hong Kong, focusing on the design and production of luxury yachts for the global market. Its shares trade under stock code 09638.HK, reflecting its positioning within the premium maritime and leisure vessel industry.

Learn more about YACHT stock on TipRanks’ Stock Analysis page.