Reported about 7 hours ago
Italian yacht manufacturer Ferretti aims to pursue an acquisition in 2025, according to CEO Alberto Galassi. He indicated that the company is exploring three different options for potential targets, which could include brands or shipyards. With a net cash position of 125 million euros, Ferretti is also considering a share buy-back. Despite speculation regarding shareholder changes, particularly involving Weichai and LVMH, Galassi stated he has not been informed of any developments. Lastly, potential U.S. tariffs on European products are expected to impact the economy but will not directly affect the yacht industry.
Source: YAHOO