Finance
Biglari holdings acquired 3.4% stake in yacht maker ferretti group
Published by Global Banking & Finance Review®
Posted on March 12, 2026
1 min readLast updated: March 12, 2026
Quick Summary
Biglari Holdings, founded by Sardar Biglari, acquired a 3.4% stake in Italian yacht maker Ferretti Group amid KKCG Maritime’s partial tender offer for up to 15.4% (raising its stake to around 29.9%). The move underscores investor competition and governance dynamics in luxury yachting.
Biglari Holdings Buys 3.4% Stake in Ferretti Group as KKCG Eyes Tender Offer
Investment Developments in Ferretti Group
Biglari Holdings Acquires Stake
MILAN, March 12 (Reuters) - U.S investment company Biglari Holdings said on Thursday it had acquired a 3.4% stake in Ferretti Group, as Czech investment group KKCG prepares to launch a partial tender offer on the Italian yacht maker.
Biglari Holdings' Portfolio Overview
Biglari Holdings, founded by entrepreneur Sardar Biglari, has a diversified portfolio of investments, from energy group Abraxas Petroleum Corporation to restaurant chain Steak in Shake.
Statement from Biglari Holdings
"Ferretti Group represents a unique platform in the luxury yachting sector, and Biglari Holdings is proud to hold an investment in the company", the U.S. company said in an emailed statement, without providing further details.
KKCG's Tender Offer Plans
Earlier this year, KKCG launched an offer worth up to 182 million euros ($210.37 million) to double its 14.5% stake in Ferretti and push for changes to the board, whose members were selected by Chinese top investor Weichai.
Offer Timeline and Currency Note
The offer will start on March 16.
($1 = 0.8651 euros)
Reporting Credits
(Reporting by Elisa Anzolin, editing by Gavin Jones)
Key Takeaways
- •Biglari Holdings, a U.S. firm with diversified holdings such as Steak ’n’ Shake and Abraxas Petroleum, bought 3.4% of Ferretti, highlighting growing strategic interest in the luxury yacht sector (en.wikipedia.org).
- •KKCG Maritime, led by Karel Komárek, is launching a voluntary partial tender offer starting March 16, 2026, at €3.50 per share to increase its stake from 14.5% to as much as 29.9%, aiming for board influence without triggering mandatory takeover thresholds (prnewswire.com).
- •Ferretti’s controlling shareholder, Ferretti International Holding (backed by Weichai Group), reaffirmed its long‑term commitment and governance control, while rebuffing takeover speculation and emphasizing continued support for the firm’s strategy and stability (prnewswire.com).
References
Frequently Asked Questions about Biglari Holdings acquired 3.4% stake in yacht maker Ferretti Group
1Who acquired a 3.4% stake in Ferretti Group?
U.S investment company Biglari Holdings acquired a 3.4% stake in Ferretti Group.
2What is the significance of KKCG's offer for Ferretti Group?
KKCG is launching a partial tender offer to potentially double its stake in Ferretti Group and influence board changes.
3Who is the founder of Biglari Holdings?
Biglari Holdings was founded by entrepreneur Sardar Biglari.
4Which company currently has significant influence on Ferretti Group’s board?
The board members of Ferretti Group were selected by Chinese top investor Weichai.
5When does KKCG's tender offer for Ferretti Group begin?
The offer is scheduled to start on March 16.