KKCG Maritime’s Partial Tender Offer for Ferretti Draws Minimal Early Take-Up

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

KKCG Maritime, which already owns 14.5% of Ferretti S.p.A., has launched a voluntary conditional partial tender offer to acquire up to 52,132,861 additional shares, equivalent to 15.4% of the yacht maker’s share capital. The offer has so far met minimal response, with valid acceptances for only 2,000 shares received during the acceptance period, and the bidder and its concert parties have not otherwise increased their stake, leaving the potential impact on Ferretti’s ownership structure and control unresolved pending further updates.

KKCG Maritime and its concert parties, including a small holding by board member Katarína Kohlmayer, collectively held just over 14.5% of Ferretti before the offer and have neither bought nor borrowed additional securities beyond tendered shares. The low initial uptake may indicate limited shareholder enthusiasm for the bid or a wait-and-see approach, and investors will be watching forthcoming announcements on acceptance levels, allocation ratios and final results to gauge whether KKCG Maritime can significantly expand its position in the luxury yacht group.

More about Ferretti S.p.A.

Ferretti S.p.A. is a yacht manufacturer listed in Hong Kong under stock code 09638.HK and on the EXM market under the symbol YACHT. The company operates in the luxury maritime sector, focusing on high-end leisure vessels and serving a global clientele of premium yacht buyers and marine lifestyle customers.

For an in-depth examination of YACHT stock, go to TipRanks’ Overview page.