Ferretti does not rule out partner
Ferretti, the Italian yacht maker, is considering different strategic options for its future, according to the Italian newspaper L’Economia de Il Corriere della Sera. The report cited Alberto Galassi, Ferretti’s chief executive, who said that the company is ready for its listing but Weichai Power, the Chinese state-backed automotive and equipment manufacturer which is Ferretti’s main shareholder, could also opt for a new partner. Weichai has already informally selected Barclays, UBS and BNP Paribas for its IPO, added the item.
Galassi also noted that the company also aims to make acquisitions in complementary sectors.
Ferretti posted EUR 669m revenues and an EBITDA of EUR 53m in 2018.