AZÚR A.S. and KKCG Maritime formally announced a voluntary conditional partial public tender offer for Ferretti S.p.A. (09638.HK; EXM: YACHT) on 29 January 2026. The offer targets up to 52,132,861 shares, equivalent to 15.4% of Ferretti’s subscribed and paid-in share capital. If the offer achieves full acceptance, KKCG Maritime would hold a total of 101,162,888 shares, or 29.9% of Ferretti’s share capital.

According to the announcement, KKCG Maritime intends to pay EUR 3.50 per share (approximately HKD 31.71) in cash. The offer document has been filed with Consob in Italy and with the Executive in Hong Kong under the HK Takeovers Code. Approval is pending, and KKCG Maritime may seek an extension if the offer document cannot be dispatched to shareholders within 21 days from the notice date of 19 January 2026.

Relevant regulatory authorizations have been applied for with the Italian Presidency of the Council of Ministers and the Austrian antitrust authority. Further announcements will be made when required by applicable regulations. The full details of the offer, including legal bases and key terms, are available in the original notice published on 19 January 2026.