Bnp Paribas
Ferretti's Owner Aims to List Yacht Maker
Chinese conglomerate Weichai Group, which owns a near 87 percent stake in Ferretti, plans to list the luxury yacht maker but has still to decide a timetable for the deal, the Italian firm's chief executive said on Tuesday."The listing is an opportunity," Ferretti CEO Alberto Galassi said. "Our Chinese investor sees it as a natural evolution of its investment."He added that the formal process for the initial public offering had not yet started, and that it could be difficult to complete the deal by year-end."It is up to shareholders to decide…
5th La Belle Classe Superyachts Business Symposium
Strength lies in unity! Yachting: an industry on the move which is getting organized! The Yacht Club de Monaco under the ‘La Belle Classe Superyachts’ banner, initiated by the YCM to unite the yachting industry and support members in this sector, held its 5th economic symposium. Over 45 professionals from across the Luxury Yachting supply chain (boatyards, brokers, designers, captains, bankers, maritime experts, lawyers, port directors and boat show organizers) attended the dinner-debate to discuss the economic situation in the yachting world.
