The Board of Directors of Ferretti S.p.A., deliberated to start a consensual process with its main lenders to restructure its capital structure through a significant reduction in debt position and by raising new money.

With regard to the offer by Shandong Heavy Industry Group (read more about that here), 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.

Ferretti’s order portfolio that to date comprises approximately 465 million euros, an increase of around 44% compared to the 322 million euros on the same date in 2010.

Ferretti Group
Fulvia Venturi
+ 39 0543 787511
fulvia.venturi@ferrettigroup.com
www.ferrettigroup.com