KKCG Maritime Launches Partial Tender Offer for 15.4% Stake in Ferretti S.p.A
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KKCG Maritime plans to launch a voluntary conditional partial public tender offer for up to 52,132,861 shares of Ferretti S.p.A., representing 15.4% of its share capital. If fully accepted, KKCG's stake would rise to 29.9%. The offer is at a premium to recent market prices, allowing shareholders to cash in during a volatile market. The offer will not lead to delisting from Euronext Milan or the Hong Kong Stock Exchange and does not trigger mandatory purchase obligations. Completion is subject to regulatory approvals.
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