Italian yacht maker Ferretti picks banks to explore secondary listing in Milan - sources

Ferretti SpA

14/10/2022 14:16

MILAN, Oct 14 (Reuters) - Italian yacht maker Ferretti
SpA  9638.HK  has picked UniCredit  CRDI.MI , Goldman Sachs
 GS.N  and JP Morgan  JPM.N  to explore a secondary listing on
the Milan Stock Exchange next year, two sources close to the
matter said on Friday.
    The news was first reported by financial daily Il Sole 24
Ore. 
    Earlier this year Ferretti, which is owned by Chinese
conglomerate Weichai Group and whose brands include Riva,
Pershing and Wally, made its debut on the Hong Kong stock
exchange after raising $244 million.  urn:newsml:reuters.com:*:nL2N2VY03E
    UniCredit and JP Morgan declined to comment, while Goldman
Sachs was not immediately available for comment. 
    The group has not yet decided whether to pursue a listing at
the beginning of next year or later, much depending on the
markets, one of the sources added.
    Ferretti Hong Kong-listed shares lost around 9% since their
debut at the end of March, compared with a 25% drop in the
benchmark Hang Seng Index  .HIS .
    The yacht maker's first-half revenues were up 30% to 642
million euros, with an adjusted core profit of 69 million euros.
 (Reporting by Elisa Anzolin, Editing by Louise Heavens)
 ((elisa.anzolin@thomsonreuters.com; 0039 0266129692;))