KKCG Maritime’s Tender Offer for Ferretti Draws Limited Early Acceptance

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

KKCG Maritime has launched a voluntary conditional partial public tender offer to acquire up to 52,132,861 shares of Ferretti S.p.A., equal to 15.4% of its share capital, but has so far received valid acceptances for only 354,036 shares, representing about 0.10% of Ferretti’s issued shares. The low take-up at this stage leaves KKCG Maritime’s stake only modestly above its existing 14.5% holding, and further updates on acceptances and final allocation will determine whether the offer meaningfully reshapes Ferretti’s shareholder base.

Immediately before the offer, KKCG Maritime already held 49,030,027 Ferretti shares and a related party held a small additional stake, with no other concert-party acquisitions or securities lending reported during the offer period. The outcome of the tender will clarify whether KKCG Maritime can significantly increase its influence over the luxury yacht maker or whether limited investor participation signals resistance to further concentration of ownership.

More about Ferretti S.p.A.

Ferretti S.p.A. is a yacht manufacturer listed in Hong Kong and identified on EXM as “YACHT,” operating in the luxury leisure marine sector. The company focuses on designing and producing high-end recreational vessels, targeting affluent global customers seeking premium yachting and maritime lifestyle products.

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