{"id":81313,"date":"2022-03-31T14:30:47","date_gmt":"2022-03-31T12:30:47","guid":{"rendered":"https:\/\/test2023.luxus-plus.com\/?p=81313"},"modified":"2022-03-31T16:36:02","modified_gmt":"2022-03-31T14:36:02","slug":"the-ferretti-groups-debut-on-the-hong-kong-stock-exchange","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/the-ferretti-groups-debut-on-the-hong-kong-stock-exchange\/","title":{"rendered":"The Ferretti Group&#8217;s debut on the Hong Kong Stock Exchange"},"content":{"rendered":"<h4>Italian investors led by Milan-based asset manager Banca Mediolanum participated in the Hong Kong IPO of luxury yacht manufacturer Ferretti.<\/h4>\n<p><!--more--><\/p>\n<p>&nbsp;<\/p>\n<p>Defying international sanctions against Russia that have led to the seizure of mega-yachts owned by Russian oligarchs, <strong>luxury yacht maker Ferretti has successfully completed its 890 million euro IPO<\/strong>, two years after a previous attempt failed.<\/p>\n<p>&nbsp;<\/p>\n<p>Ferretti said on Wednesday it had pocketed a net HK$1.77 billion ($226 million) from the deal. <strong>It will use the money to expand its portfolio of brands and strengthen services for its boat owners<\/strong>, it said. <strong>The group sold 83.58 million shares, or 25 per cent of its enlarged share capital, in the offer<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8220;<em>If we take into account what is happening in the world today, our first stock market results are a real success<\/em>,&#8221; said <strong>Alberto Galassi<\/strong>, CEO of Ferretti. &#8220;<em>Currently we are one of the only Italian companies listed on the Pacific market. We are currently in a period of rapid growth and this dynamic is part of the internationalisation that we are currently undergoing. We believe very much in the future in Hong Kong<\/em>,&#8221; he tells <strong><em>Bloomberg<\/em><\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<p>Chinese companies <strong>Sunshine Insurance, Sanya Development Holdings, Hainan Free Trade Port Fund, Hainan Financial Holdings and Haifa Holding<\/strong> acted as lead investors, taking 53 percent of the offer, Ferretti said.<\/p>\n<p>&nbsp;<\/p>\n<p>Ferretti, whose brands include <strong>Riva, Pershing and Wally<\/strong>, is owned by Chinese conglomerate <strong>Weichai Group. Piero Ferrari<\/strong>, son of the founder of the eponymous luxury sports car company, <strong>Enzo Ferrari<\/strong>, owns 11% of the company and sits on the board.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Read also &gt;\u00a0<a href=\"https:\/\/luxus-plus.com\/en\/italian-yacht-manufacturer-ferretti-prepares-for-an-ipo-in-hong-kong\/\">ITALIAN YACHT MANUFACTURER FERRETTI PREPARES FOR AN IPO IN HONG KONG<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Featured photo : \u00a9 Ferretti<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Italian investors led by Milan-based asset manager Banca Mediolanum participated in the Hong Kong IPO of luxury yacht manufacturer Ferretti.<\/p>\n","protected":false},"author":380,"featured_media":81317,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"%%post_title%% %%sep%% %%sitetitle%%","_seopress_titles_desc":"Italian investors led by Milan-based asset manager Banca Mediolanum participated in the Hong Kong IPO of luxury yacht manufacturer Ferretti.","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"none","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":301,"_seopress_analysis_target_kw":"Weichai Group,ferretti,ferretti group,yacht,luxury yacht,stock market,hong kong,china,russia,italy","footnotes":""},"categories":[24],"tags":[22419],"class_list":["post-81313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-news-en"],"_links":{"self":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/81313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/users\/380"}],"replies":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/comments?post=81313"}],"version-history":[{"count":0,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/81313\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media\/81317"}],"wp:attachment":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media?parent=81313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/categories?post=81313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/tags?post=81313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}