The legal dispute was a sword of Damocles hanging over Ferretti’s new structure, that of the relaunch of the Forlì yacht giant which bears the signature of the new CEO Stassi Anastassov. But now there is a first fixed point: the Court of Bologna, the specialized section for companies, yesterday, Monday, rejected the appeal of Azúr, the company belonging to the Czech Kkgc group of Karel Komarek, Ferretti’s second largest shareholder (23.2%), against the resolutions of the assembly of May 14th which appointed the board of directors, controlled by the first shareholder Ferretti International Holding (Fih), attributable to the Chinese Weichai group (39.5%).
The appeal to the court came at the height of Kkgc’s unsuccessful attempt to gain control of the nautical group, through a partial takeover bid to acquire sufficient shares to control the Board of Directors and consequently reverse the balance of power with the Chinese. The outcome of the dispute materialized precisely in the shareholders’ meeting of May 14th, where it was formalized that the Chinese Weichai had won, whose list had obtained the approval of 52.3% of the share block (Weichai alone directly controls 39.5%), against the 47.4% collected by Kkgc (which controls 23.3% of the shares). The Chinese were thus able to appoint 8 of the 9 members of the Board of Directors and indicate Stassi Anastassov, former CEO of Duracell, as CEO.
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