KKCG seeks suspension of China's Weichai voting rights at shareholders' meeting

Ferretti SpA

14/05/2026 09:49

MILAN, May 14 (Reuters) - Czech investment firm KKCG on Thursday asked the chairman of Ferretti YACHT.MI to suspend the voting rights of the yacht maker's largest shareholder, China's Weichai, at the group's annual general meeting, citing a potential breach of Italy's golden power rules.

Alternatively, KKCG asked, in an emailed statement, for the shareholders meeting to be postponed to a later date pending further checks.

Ferretti's meeting, being held behind closed doors, is set to decide whether control of the yacht maker's board remains with Weichai or shifts to a slate backed by KKCG, which includes the confirmation of current Chief Executive Alberto Galassi.

 (Reporting by Elisa Anzolin, editing by Giulia Segreti)

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