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 […]
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Italian yacht maker Ferretti aiming for an acquisition this year
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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)