By Dominic Chopping

KKCG Maritime, a company owned by Czech entrepreneur and investor Karel Komarek, launched an offer worth up to around $212 million for a further 15.4% stake in Italian yacht maker Ferretti.

KKCG Maritime currently holds 14.5% in the company and it said Monday that it will offer up to 182.5 million euros ($211.8 million) to increase its stake to 29.9% as it seeks to play a more active role in Ferretti's growth and development.

KKCG has been a shareholder in Ferretti since its listing on Euronext Milan in 2023. It now wants to build its stake, while offering other shareholders the opportunity to monetize part of their investment in the illiquid stock, it said.

The company will offer 3.50 euros a share in cash, a 21% premium to the closing price on Dec. 11, which marks the last trading day before Ferretti's largest shareholder began a series of share acquisitions. Shares closed at 3.64 euros in Milan on Friday.

Around 98.1% of Ferretti's total shares are traded in Milan, while the remaining 1.9% of shares are traded on the Hong Kong Stock Exchange.

KKCG said the offer won't lead to it exceeding the 30% threshold that would trigger a mandatory takeover bid under Italian and Hong Kong regulations, and isn't intended to result in the delisting of Ferretti's shares.

"This offer reflects our intention to build on our long-term investment in Ferretti and contribute to its future growth and development," Komarek said.

"We will leverage our proven expertise to support Ferretti's organic and inorganic growth opportunities amid the current global sector dynamics."

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

January 19, 2026 02:44 ET (07:44 GMT)

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