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

Ferretti S.p.A. ( (IT:YACHT) ) just unveiled an update.

KKCG Maritime has launched a voluntary conditional partial tender offer to acquire up to 52,132,861 shares of Ferretti S.p.A., equal to 15.4% of the yacht maker’s share capital, but early uptake has been minimal. As of 25 March 2026, valid acceptances cover only 12,416 shares, a tiny fraction of the maximum sought, while KKCG Maritime already holds 14.5% of Ferretti and has disclosed that neither it nor its concert parties have otherwise traded in the stock during the offer period, leaving the potential expansion of its stake still highly uncertain.

KKCG Maritime reported receiving valid acceptances for 10,416 shares on the announcement date and 12,416 shares in total over the offer period, representing less than 0.004% of Ferretti’s issued shares. The offeror plans further announcements on acceptance levels and final results, and with such low early participation, investors will be watching whether institutional and retail shareholders become more engaged as the closing date approaches.

Before the offer, KKCG Maritime held 49,030,027 Ferretti shares, corresponding to 14.5% of the subscribed and paid-in capital, while a related concert party, Mrs. Katarína Kohlmayer, held a further 43,426 shares. The limited additional shares tendered so far suggest that Ferretti’s shareholder base has not rushed to sell into the partial offer, which may influence both the eventual ownership structure and the strategic leverage KKCG Maritime can exert over the Italian yacht builder.

More about Ferretti S.p.A.

Ferretti S.p.A. is a luxury yacht manufacturer, listed in Hong Kong and on the Italian market, specialising in the design and production of high-end recreational vessels. The company targets affluent global clients in the premium boating segment, positioning itself as a leading player in the international yachting industry.

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