Ferretti, Chinese holding company Fih rejects Kkcg Maritime's offer

Ferretti International Holding (Fih), in its capacity as the controlling shareholder of Ferretti, takes note of the recent announcement regarding a conditional partial voluntary tender offer launched by Kkcg Maritime on the company's shares. Fih, reads a note, confirming "that it does not accept, nor has any intention of accepting, such partial takeover bid".

Furthermore, Fih reaffirms 'its strong confidence in the company's long-term strategy, its industrial fundamentals and growth prospects. Since becoming a controlling shareholder, Fih has remained committed to supporting the sustainable development of the company, ensuring continuity in operations and governance, and enhancing long-term value for all shareholders'.

Rejecting the offer of the Czech fund Kkcg, in a scenario that sees the historic nautical brand at the centre of investors' interests, Fih considers its investment in the company to be of a 'strategic and long-term nature. In line with this approach, Fih has, from time to time, increased its stake in the company'. And according to the rules regulating the markets in Italy and Hong Kong, 'it may continue to consider further increases of its participation in the company'.

Fih 'plans to retain effective control of the company and to appoint a majority of the board of directors at the next annual general meeting, in order to support the consistent implementation of the company's long-term strategy'.