KKCG Maritime to Increase Stake in Ferretti S.p.A with Tender Offer

KKCG Maritime, a unit of the European investment group KKCG, has announced a voluntary partial tender offer for Ferretti S.p.A. shares. The offer aims to allow shareholders to monetize part of their investment at €3.50 per share, which represents a significant premium over current market prices.

KKCG Maritime plans to acquire up to 52,132,861 shares, increasing its stake in Ferretti from 14.5% to 29.9%. This strategic move reflects KKCG's intention to play a more active role in Ferretti's development and growth. KKCG intends to leverage its voting rights to support its board nominees at the next Annual General Meeting.

Valued at a maximum of €182,465,014, the offer is subject to customary and regulatory conditions. The company reassures that this bid will not result in the delisting of Ferretti shares or trigger a mandatory takeover bid under Italian and Hong Kong regulations.