Announcement of partial takeover to increase from 14% to 29%.The move coincides with that of China's Weichai, which has risen more than 38% on buying since December.
Ferretti, Czech billionaire Komárek's takeover of the yacht group: wants to increase to 29% to be included in the management
To increase the announcement of the partial purchase offer from 14% to 29%.A move parallel to that of China's Vichai, which has grown by more than 38% in purchases since December.
The game is heating up for the renewal of the board of directors of Ferretti.This morning - Monday January 19 - Czech billionaire Karel Komŕek, shareholder of Ferretti, announced his intention to grow in the capital of the largest Italian water company to emphasize his weight in the administration.His company Kkcg Maritime has indeed announced a bid to take over the group to increase its stake from 14.5% to 29.9%.After the completion of the offer, KKCG "is willing to exercise the right to vote, as added below the voluntary proposal to take public, to support the election of candidates for the board of directors who will propose in the context of the next meeting of the shareholders of Ferretti", which has been a member since the IPO of Piazza Affari in 2023.
Ferretti (partial) public offering of shares
The offer relates to 52,132,861 securities and is not intended to delist the luxury yacht group's shares and, in any event, will not result in Kkcg Maritime exceeding the 30% threshold that would oblige it to push ahead with a total takeover bid.Value 182.5 million." Shareholders will have the opportunity to monetize part of their investment in conditions of low liquidity of the shares - at 3.50 euros per share and with a significant "premium compared to market prices", the note says.on Euronext Milan and 21.9% compared to the closing price of the listing in Hong Kong on the same date.
What does the Republic say?
“This proposal reflects our commitment to strengthen our investments in
A long time in Ferretti and contribute to its future growth and development - says Komàr. Bounders' proven track record of creating value is based on the active commitment of the investment approach: We will leverage our collective experience to support Ferretti's Organic and inorganic growth opportunities.
in the current global dynamics of the sector.”The idea would be to present its list for renewal of the board and to give support to the current management that has often clashed with Chinese shareholders, as happened with CEO Alberto Galassi and the acquisition.
Kkcg Maritime Corp
KKCG Maritime is a joint venture company for the maritime industry in the KKCG Group, managing various types of assets and investments including international sports, international IT services, traditional and sustainable energy, and construction.Headquartered in Switzerland, Kkcg is managed by Kkcg Holding.Valea Holding relies on Valea Holding for its capital, while Valea Foundation is headquartered in Vaduz and operates under the authority of the President of Liechtenstein.Forbes estimates Komàrek's assets at $9.4 billion.
The Chinese also moved the other partners from Iervolino to Piero Ferrari
The move by Komàrek, backed by Unicredit, Somerley and Clifford Chance, follows media rumors that China's Weichai was making a move on Ferretti shares, which include Danilo Jervolino (5.2%), Piero Ferrari (4.6%) and the Bombassei family (2%).According to Milan Finanza, the Beijing group, which is the controlling shareholder of the group that produces luxury yachts, has heavily influenced the market in the past.Ay was purchased and the share ratio was increased to 38.2%.The campaign, which started with daily orders on December 12, caused the share price to increase by 30 percent.
The decision should form part of a strategy to play a greater role in the decision-making process and therefore carry enough weight at the May meeting to appoint new directors to a board that currently has six of nine Asian members.
Riva Cento Limited Edition, 12 collector's pieces, between tradition and the technological future.
Ferretti, Chinese partners against CEO Galassi: "Don't let our men make decisions"
Ferretti Group Private Preview in Monaco with Eight World Firsts, 30 Yachts (and Simply Red)
Pershing, 40 years of innovation and style: Party on Capri and the new GTX70
