KKCG raises stake in Ferretti to over 23% after partial bid, Reuters calculations

Ferretti SpA

13/04/2026 17:16

MILAN, April 13 (Reuters) - Czech investment firm KKCG Maritime's stake in Ferretti YACHT.MI rose to just over 23% on Monday after the end of its partial voluntary offer on the luxury yacht maker, Reuters calculations on Borsa Italiana's data showed.

Borsa Italiana said 29.611.598 shares were tendered to KKCG's offer, equal to about 8.7% of Ferretti's total share capital.

Last month KKCG had launched a bid to double its 14.5 stake in Ferretti, aiming to propose its own candidates for the yacht maker's board, currently dominated by representatives of the  China's Weichai Group, the company's largest shareholder with a 39.5% stake.

KKCG had raised its offer to 3.90 euros per share from 3.50 euros, valuing the Italian yacht maker at about 1.32 billion euros  ($1.55 billion).

Ferretti shareholder Pietro Ferrari had already said he would have tendered his 4.6% holding to KKCG's offer. Earlier this month, Kuwaiti businessman Bader Nasser Al‑Kharafi increased his 5% stake in Ferretti, a filing showed.

($1 = 0.8527 euros)

 (Reporting by Elisa Anzolin, editing by Giulia Segreti)

 ((elisa.anzolin@thomsonreuters.com; 0039 0266129692;))