Business
Kuwaiti investor Al‑Kharafi buys 3% Ferretti stake
Kuwaiti investor Al‑Kharafi buys 3% Ferretti stake
About this update from Ferretti S.p.a.
Kuwaiti businessman Bader Nasser Al‑Kharafi said on Tuesday he had acquired a 3% stake in luxury yacht maker Ferretti MIL:YACHT, amid moves to reshape the Italian company's shareholder base and board.The deal, made through his investment vehicle BNK Holding, is part of a "broader strategy to build a global portfolio focused on high‑end assets and high‑quality companies", according to a press release. Al‑Kharafi is Chairman of Boursa Kuwait, CEO of telecoms company Zain Group and Deputy Chairman of Gulf Cables. He is also a shareholder and board member of Coca‑Cola Kuwait.Czech investment group KKCG on Monday said it was launching a voluntary offer worth up to 182 million euros ($213.47 million) to double its stake in Italian yacht maker Ferretti and to push for boardroom changes.($1 = 0.8526 euros)