KKCG Maritime’s Partial Tender for Ferretti Sees Weak Early Take-Up

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

KKCG Maritime has launched a voluntary conditional partial tender offer to acquire up to 52,132,861 shares of Ferretti S.p.A., equivalent to 15.4% of the company’s share capital, but as of April 2, 2026, it has received valid acceptances for only 354,036 shares, representing about 0.10% of shares outstanding. KKCG Maritime, which already directly owns 14.5% of Ferretti, has not otherwise increased its stake since the offer announcement, and will continue to update the market on acceptance levels and the final allocation, leaving the outcome of its bid to strengthen its strategic position in the yacht maker still uncertain for existing shareholders and potential investors.

The low initial acceptance of KKCG Maritime’s offer suggests limited shareholder willingness so far to tender shares at the current terms, potentially affecting the bidder’s ability to significantly increase its influence over Ferretti. Market participants will be watching forthcoming announcements on provisional and final results to gauge whether this partial tender can meaningfully shift the company’s shareholder structure or remains a marginal adjustment in ownership.

More about Ferretti S.p.A.

Ferretti S.p.A. operates in the luxury yacht and leisure boat industry, focusing on the design, production and sale of high-end yachts marketed globally. Its shares are listed in Hong Kong under stock code 09638.HK, reflecting its positioning as a premium player in the international marine and recreational vessel market.

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