Published by Global Banking & Finance Review®
Posted on January 19, 2026
2 min readLast updated: January 19, 2026
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KKCG seeks to double its stake in Ferretti with a 182 million euro offer, aiming for board changes and long-term growth. Market impact remains steady.
ROME, Jan 19 (Reuters) - Czech investment group KKCG on Monday said it was launching a voluntary offer worth up to 182 million euros ($212 million) to double its stake in Italian yacht maker Ferretti and push for a change of management.
KKCG's offer, which values Ferretti at 1.2 billion euros according to Reuters calculations, comes after a string of share purchases by the group's main shareholder, China's Weichai, drove the stock price higher.
KKCG said its bid of 3.50 euros per share, though below the current market price, represented a 21.3% premium over Ferretti's share price on December 11, the last trading day before Weichai started adding to its holding.
By 0858 GMT Ferretti's Milan-listed shares were little changed at 3.64 euros each. The company's shares are also traded on the Hong Kong bourse.
KKCG, which currently owns 14.5% of Ferretti through its KKCG Maritime unit, said it would put forward its own candidates for a new Ferretti board.
It added it had no plans to take Ferretti private, targeting a stake of just below the 30% threshold that triggers a mandatory full takeover.
"This offer reflects our ambition to strengthen our long-term investment in Ferretti and contribute to its future growth and development," KKCG founder and chairman Karel Komarek said, adding that his firm would support both internal growth and acquisitions.
UniCredit acted as lead financial adviser for the offer.
($1 = 0.8604 euros)
(Reporting by Giulia Segreti and Valentina Za; Editing by Thomas Derpinghaus, Kirsten Donovan)
An investment is an asset or item acquired with the goal of generating income or appreciation. It can include stocks, bonds, real estate, or other financial instruments.
Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled. It encompasses the relationships among stakeholders and the goals for which the corporation is governed.
Financial markets are platforms where buyers and sellers engage in the trade of assets such as stocks, bonds, currencies, and derivatives. They facilitate the raising of capital and the transfer of risk.
Equity represents ownership in a company, typically in the form of stocks. It signifies the shareholders' claim on the company's assets and earnings.
Mergers and acquisitions (M&A) refer to the consolidation of companies or assets. A merger is the combination of two companies into one, while an acquisition involves one company purchasing another.
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