Independent journal on economy and transport policy
06:09 GMT+1
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The control of the Italian group Ferretti to the Chinese Shandong Heavy Industry Group Co.
Agreement with the creditors
December 16, 2011
The Italian group Ferretti, between the world leaders in the planning, construction and commercialization of motor yacht of luxury with the marks Ferretti Yachts, Pershing, Itama, Bertram, Riva, Craft Mops, CRN and Ferretti Custom Line, would have reached an for the passage of the control of the company to the Chinese group Shandong Heavy Industry Group Co., mainly specialized in the means production of movimentazione for the construction industry and agriculture. It has announced "Financial Times", second which the creditors of the Italian group, between which Royal Bank of Scotland, Oaktree Capital and Strategic Valeue Partners, they would have accepted to transfer own competences to the Chinese group let alone a reduction of the debit from 685 million to 116 million euros and a recapitalization of Ferretti with the contribution of 180 million euros.
To Shandong Heavy Industry Group 58% of the capital stock would go. The agreement would presee the maintenance of the "italianità" of the Ferretti group and the allocation of a role of first floor in the company to Norberto Ferretti, founder and president of the group, that he would become minority associate.
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The Italian group Ferretti, between the world leaders in the planning, construction and commercialization of motor yacht of luxury with the marks Ferretti Yachts, Pershing, Itama, Bertram, Riva, Craft Mops, CRN and Ferretti Custom Line, would have reached an for the passage of the control of the company to the Chinese group Shandong Heavy Industry Group Co., mainly specialized in the means production of movimentazione for the construction industry and agriculture. It has announced "Financial Times", second which the creditors of the Italian group, between which Royal Bank of Scotland, Oaktree Capital and Strategic Valeue Partners, they would have accepted to transfer own competences to the Chinese group let alone a reduction of the debit from 685 million to 116 million euros and a recapitalization of Ferretti with the contribution of 180 million euros.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
