Ferretti, Kkcg asks Consob to annul renewed board meeting
At the shareholders' meeting, the Chinese Weichai won the duel with Kkcg maritime. Board meeting scheduled for today to approve the quarterly report postponed
The Chinese of Weichai have won the duel with Kkcg maritime over the new board of directors of Ferretti, the luxury nautical group that controls leading brands including Riva. But the company headed by Czech entrepreneur Karel Komárek continues to put up a fight, involving the Stock Exchange supervisory authority.
The list presented by the dragon, through Ferretti International Holding, relative majority shareholder of the Forlì-based company, prevailed over that of its rival Kkcg and thus secured eight directors out of nine, confirming its control over the Italian company. This is the result of the group's shareholders' meeting, held yesterday behind closed doors, which also met to renew the Ferretti board led, from 2014 to date, by Alberto Galassi.
With a turnout of 95 per cent of the capital, Weichai received the vote from 52.31 per cent of those present (49.74 per cent of the total), while Kkcg (which, through Azur, holds 23.23 per cent of the shares in the spa after a partial takeover) from 47.44 per cent (45.12 per cent of the total). By virtue of this result, only one councillor was elected from among the candidates proposed by Azur: Katarína Kohlmayer.
At the opening of the proceedings, Kkcg issued a formal statement, read out by the notary and recorded in the minutes, in accordance with the law, requesting that Fih be prevented from voting or, alternatively, that the shareholders' meeting be adjourned, as Weichai had allegedly violated a number of regulations in force, including the golden power law. Arguments presented, by the minority shareholder, also to Consob and the Council Presidency. And reiterated in the harsh letter to the board with which, on Wednesday evening, Piero Ferrari resigned from Ferretti's vice-presidency and board. Consob, for its part, received Kkcg's complaint and the issue is now before the offices.
In response to those remarks, the chairman of the assembly, Hao Qinggui, stated that, at the time of the opening of the session, Ferretti had not received any evidence of violations of the golden power regulation, nor any request from authorities to suspend proceedings or restrict voting rights. On this basis, he decided to proceed with the meeting.
