Ferretti (HKG:9638) said shareholder KKCG Maritime plans to launch a public tender offer to acquire up to 52.1 million shares of the company, according to a Hong Kong bourse filing Monday.
The firm plans to pay HK$31.71 per share to acquire the stocks, which represent 15.4% of Ferretti's business.
Assuming the shares are tendered in full, the acquisition will bump KKCG Maritime's ownership in Ferretti to 29.9% from 14.5%.
The maximum value of the offer could reach about 182.5 million euros.
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