China's response to the latest market moves has arrived. Ferretti International Holding (Fih), the company through which the Chinese Weichai group is controlling shareholder of Ferretti Group, has made official the I decline ofVoluntary partial takeover offer launched by Kkcg Maritime. No participation, neither now nor in the future. The holding company has clarified that it "does not accept and has no intention of accepting" the takeover bid, effectively closing the door to the initiative of the Czech group attributable to Karel Komarek.
Long-term strategy and confidence in fundamentals
Behind the no there is not only a tactical evaluation. FIH claims a long-term industrial vision and reiterates its confidence in the group's strategy, fundamentals, and growth prospects. Since becoming the controlling shareholder, the holding company emphasizes its support for Ferretti's sustainable development, ensuring operational continuity and governance stability, with the stated goal of enhancing the group's value over time for the benefit of all shareholders.
The strongest message concerns the nature of the investment. For FIH, the participation in Ferretti is strategic and long-term, not an opportunistic financial transaction. In this vein, the holding company recalls that it has already increased its stake over time and, in compliance with the rules of the Italian and Hong Kong markets, can evaluate further increases in its stake, consistent with market conditions.
The battle for control of the board of directors
The rejection of the takeover bid is directly intertwined with the game on governance. Fih reiterated its intention to maintain effective control of the company and to appoint the majority of the board of directors at the next annual general meeting. This is a key step ahead of the board renewal, confirming the majority shareholder's commitment to overseeing decision-making and ensuring consistent execution of the industrial strategy.
A new partner from Kuwait as the market appreciates
The position comes at a time of great turmoil surrounding Ferretti. The partial takeover bid by Kkcg Maritime, designed to bring the share up to 29,9% and impact the balance of the Board of Directors, had turned the spotlight on the stock between Milan and Hong Kong which is still gaining over 1% today.
To complicate the picture, the'entry of a new shareholder from Kuwait, the businessman Bader Nasser Al‑Kharafi, with a 3% stake, a sign of growing international interest in the luxury yachting group.
This governance issue is expected to be crucial to the group's future, and the main shareholder intends to play a leading role.
