To maximize the value of the Ferretti Yachts S.p.A., the Board of Directors has decided to start a consensual process to restructure its capital structure thanks to an important reduction in debt position and by raising new money, also because of an order portfolio that to date comprises approximately 465 million euros, an increase of around 44% in comparison to the 322 million euros on the same date in 2010, and also in consideration of the current financial market conditions.
Ferretti Custom Line 100 Yacht
To this end, the Ferretti Group has already started talking to its main lenders, who have expressed their willingness to assess the possibility of such restructuring process.
Pershing 92 motor yacht - Credit Ferretti Group
With regard to the offer by Shandong Heavy Industry Group (“SHIG”), the Board of Directors of the Ferretti Group, while confirming the industrial validity of a possible deal with the Chinese Company, deems that to date it still contains a number of elements of uncertainty, which therefore require further evaluation.
The Ferretti Group therefore confirms its intention to continue to pursue discussions with counterparties with the aim to evaluate all opportunities.
Luxury yacht Riva 86 Domino
In terms of its business, despite the phase of contraction that the entire nautical sector is currently witnessing, the Ferretti Group continues to operate with the usual dynamism, taking part with its prestigious brands to all the main international nautical trade shows.
Ferretti 720 Charter Yacht
After the Autumn yacht shows in Cannes, Monaco and Genoa, the group today is present at the 52nd Fort Lauderdale Boat Show, Florida, USA, with an impressive fleet of 15 models, of which 5 are exclusive debuts for the American market. In a bid to best satisfy the demands from the American markets, the Ferretti Group has presented in Ft. Lauderdale: the highly anticipated Ferretti Custom Line 100’ motor yacht of the Ferretti Custom Line brand, the new Pershing 92’ motor yacht of the Pershing brand, luxury yacht Riva 86’ Domino of the Riva brand, motor yacht Ferretti 720 of the Ferretti Yachts brand and the motor yacht Bertram 64’ of the Bertram brand.
Bertram 64 motor yacht by Bertram, Studio Zuccon International Project and Ferretti Group
The Ferretti Group therefore confirms, also in this way, its objective of anticipating the trends of the nautical market in terms of quality and product innovation bringing forth the plans for its 8 brands that represent a prestigious example of the Made in Italy style around the world.
Below is an image gallery for Ferretti luxury charter yachts.
Ferretti Charter Yacht Images
More: Ferretti Image Gallery
