Published by Global Banking & Finance Review®
Posted on March 26, 2026
2 min readLast updated: March 26, 2026
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KKCG Maritime has sweetened its voluntary partial offer for Ferretti to €3.90 per share, valuing Ferretti at €1.32 billion and offering significant premiums to investors.
March 27 (Reuters) - Czech investment firm KKCG Maritime on Friday raised its voluntary offer to boost its stake in Italian yacht maker Ferretti to as much as 203.3 million euros ($234.55 million).
The revised offer of 3.90 euros per share values Ferretti at 1.32 billion euros and represents a 2.7% premium to its last closing price and a 35.1% premium to its price before the offer period began.
The investment firm is seeking to acquire up to 52.1 million shares in Ferretti, or about 15.4% of its share capital.
The increased consideration aims to boost shareholder participation and support KKCG Maritime's strategy to take a more active role in the yacht maker's development, it said.
Ferretti had said earlier this month that an independent financial adviser deemed KKCG Maritime's initial offer of 182 million euros "not attractive", while the company's independent board committee recommended shareholders to reject the bid.
KKCG Maritime, however, said it would not raise the offer further, in line with Hong Kong takeover rules.
($1 = 0.8668 euros)
(Reporting by Roshan Thomas in Bengaluru; Editing by Shilpi Majumdar)
KKCG Maritime raised its offer to 3.90 euros per share, valuing Ferretti at 1.32 billion euros.
KKCG Maritime aims to acquire up to 52.1 million shares, about 15.4% of Ferretti's share capital.
The offer represents a 2.7% premium to Ferretti's last closing price.
An independent adviser found the initial offer of 182 million euros 'not attractive'.
KKCG Maritime stated it would not raise the offer further, following Hong Kong takeover rules.
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