Ferretti board of directors: 'Kkcg tender offer not fair and low price, shareholders do not join'

Ferretti's board of directors has rejected the partial offer launched by the Czech group Kkcg to double its shareholding in the company. "The board of directors," reads a statement, "considered, inter alia, the consideration, from a financial point of view, to be unreasonable and the offer to be unfair and unreasonable, recommending, therefore, that the independent shareholders not adhere to the offer". The issuer's statement was approved late yesterday evening by the board in light of the €3.5 per share offer submitted by the holding company of Czech businessman Karel Komarek.

The opinion, the note clarifies, is shared by the independent board committee, which, in turn, recommends not to join. Previously the offer had also been rejected by shareholder Fih, which belongs to the Chinese group Weichai, Ferretti's main shareholder. The board of directors approved, with Piero Ferrari and CEO Alberto Galassi abstaining, and Stefano Domenicali absent ('justified'). The independent committee (which had been set up by Ferretti's board of directors on 30 January 2026) also abstained with Ferrari and Domenicali absent.

Kkcg Maritime has launched a voluntary partial tender offer for up to 52,132,861 Ferretti shares, with the intention of increasing its stake from 14.5% to 29.9% of the share capital. The duration of the acceptance period was agreed with Borsa Italiana from 16 March to 13 April 2026.