KKCG Maritime says Ferretti offer to start March 16
TL;DR
KKCG Maritime will launch a voluntary partial tender offer for Ferretti shares on March 16, 2026, aiming to acquire up to 29.9% of the company at a premium price to increase its stake and governance influence.
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KKCG Maritime says Ferretti offer to start March 16
KKCG Maritime Announces March 16 Launch of Voluntary Partial Tender Offer for Ferretti S.p.A.
KKCG Maritime, a subsidiary of European investment group KKCG, has announced plans to launch a voluntary partial tender offer for Ferretti S.p.A. shares beginning March 16, 2026. The offer aims to acquire up to 52,132,861 shares, representing approximately 29.9% of Ferretti's share capital, to increase KKCG Maritime's existing stake from 14.5%. The tender offer, valued at a maximum of €182.47 million, is structured to avoid triggering a mandatory takeover bid under Italian and Hong Kong regulations, as the 29.9% target remains below the 30% threshold.
Under the terms of the offer, participating shareholders will receive €3.50 per share (cum-dividend), equivalent to approximately HKD 31.71. This price reflects a 21.3% premium to Ferretti's official Euronext Milan price on December 11, 2025, and a 21.9% premium to its Hong Kong closing price on the same date. The offer is designed to provide liquidity to shareholders while allowing KKCG Maritime to strengthen its governance influence, including supporting the election of its board nominees at Ferretti's next annual general meeting.
KKCG Maritime emphasized that the tender offer is subject to regulatory approvals and customary conditions. The offer document will be submitted to authorities in Italy and Hong Kong for review, with final publication aligned with applicable regulations. Shareholders who tender more shares than the maximum sought will receive pro-rata allocations.
KKCG, founded by Karel Komárek, has described the move as part of its long-term strategy to enhance value through active governance and strategic growth initiatives. The group has held a stake in Ferretti since its 2023 listing on Euronext Milan.
Further details are available at www.kkcg.com/maritime.
This article is based on publicly available information and does not constitute investment advice.
