Published by Global Banking & Finance Review®
Posted on March 10, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleFerretti aims for an acquisition this year, considering three targets. CEO Galassi addresses speculation about Weichai's stake and LVMH interest.
ROME (Reuters) - Italian yacht maker Ferretti aims to make an acquisition this year, its Chief Executive said on Monday, without specifying whether the potential target would be a brand, a yard or another asset.
"We have three different files on the table," CEO Alberto Galassi told journalists.
The executive added that the group was considering a possible buyback.
Asked about recurring media speculation over the exit of the group's top shareholder, Chinese conglomerate Weichai, Galassi said he did not know as the issue was never discussed with them.
Weichai holds a 37.5% stake in Ferretti.
Galassi said he was also unaware of French luxury conglomerate LVMH being interested in becoming a shareholder in the group.
(Reporting by Elisa Anzolin, writing by Alvise Armellini, editing by Giulia Segreti)
The main topic is Ferretti's plan to make an acquisition this year and the surrounding shareholder speculations.
CEO Galassi stated that there have been no discussions with Weichai about selling its 37.5% stake.
Galassi mentioned he is unaware of any interest from LVMH in acquiring a stake in Ferretti.
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