Italy

Pershing S.p.a.

<a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> has announced the launch of the first 27.97-metre <a data-gid="gid://syiq/Yacht/17226" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing GTX90/0127.97m (91'9&quot;)Pershing S.p.a.2026">Pershing GTX90</a> yacht on 1 July at the port of Fano in Italy.<img src="https://photo-assets.superyachttimes.com/photo/399651/image/large-48103691913c2a729257153a5c90d2a5.jpg" data-gid="gid://syiq/Photo/399651">The <a data-gid="gid://syiq/Yacht/17226" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing GTX90/0127.97m (91'9&quot;)Pershing S.p.a.2026">Pershing GTX90</a> yacht expands the GTX range and is the result of a joint effort between <a data-gid="gid://syiq/Company/289" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Vallicelli Design (Company)">Vallicelli Design</a> studio and the Group’s Engineering Department. Construction began at the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> Plug and Mould facility and was completed in the new Mondolfo production area where the GTX range is built.&nbsp;The new sport utility yacht incorporates several of <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a>’s distinct features, such as a slightly convex sheer line running from bow to stern and the vertical bow. Her overall appearance expresses sportiness, with a contemporary silhouette, while staying true to <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a>'s DNA.<img src="https://photo-assets.superyachttimes.com/photo/399652/image/large-cbf95dd307eb52bd370394e2e58c44ed.jpg" data-gid="gid://syiq/Photo/399652">Moving inside, the main deck saloon includes a generous C-shaped sofa for socialising and relaxation, while her port side deck is equipped with a large bar counter with three stools, fridges, an ice maker, and a dish washer, while her dining table seating eight is positioned on the opposite side.Spanning two decks and a sportbridge, the <a data-gid="gid://syiq/Yacht/17226" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing GTX90/0127.97m (91'9&quot;)Pershing S.p.a.2026">Pershing GTX90</a> yacht can accommodate up to eight guests across four comfortable staterooms on the lower deck, comprising a full-beam owner's suite amidships, a VIP stateroom forward and two guest staterooms.Designed to optimise the use of every single space onboard, her master suite extends across the yacht’s full beam. There are also two double crew cabins with private bathrooms and a direct connection to the main galley, ensuring smooth operation and efficient service.<img src="https://photo-assets.superyachttimes.com/photo/399650/image/large-b637da805d41d84f2e5bd0f5d18c228d.jpg" data-gid="gid://syiq/Photo/399650">The helm station of the <a data-gid="gid://syiq/Yacht/17226" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing GTX90/0127.97m (91'9&quot;)Pershing S.p.a.2026">Pershing GTX90</a> yacht is in the bow and is fitted with three pilot chairs, an optional electrically operated skylight and access to both side walkways leading to the forward area.&nbsp;This space features a sunpad and a dinette fitted with an electric table which moves up and down, offering flexibility to be used as a single sunbathing space with additional seating and direct access to the water.&nbsp;At her stern, the raised cockpit of the <a data-gid="gid://syiq/Yacht/17226" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing GTX90/0127.97m (91'9&quot;)Pershing S.p.a.2026">Pershing GTX90</a> yacht includes two swing-down side terraces, which extend her beam to its widest point in the cockpit area and increase the deck space to 37 square-metres. <img src="https://photo-assets.superyachttimes.com/photo/399653/image/large-0324ed23881e7aaa4f5d45bb13189868.jpg" data-gid="gid://syiq/Photo/399653">Her cockpit features a spacious panoramic sunpad, with storage beneath for two Seabobs, and a lounge area in the shade of the superstructure, with a forward-facing sofa and two coffee tables.One of the standout features of the <a data-gid="gid://syiq/Yacht/17226" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing GTX90/0127.97m (91'9&quot;)Pershing S.p.a.2026">Pershing GTX90</a> yacht is her spacious 33-square-metre sportbridge, which offers over 43 percent more deck space than the average for yachts of this size.A sunbathing area is positioned aft, with a coffee table in the centre of the yacht furnished with a dinette and two large sofas, all of which are sheltered under a generously sized hard top. <img src="https://photo-assets.superyachttimes.com/photo/399649/image/large-c63a3fccd3fab40dedfbcb0b6451aee9.jpg" data-gid="gid://syiq/Photo/399649">The central helm station forward is equipped with three pilot chairs and two control tunnels fitted with azimuth levers. While her double garage can house a <a data-gid="gid://syiq/Company/4203" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Williams Jet Tenders (Company)">Williams</a> 395 SportJet tender and a Sea-Doo Spark Trixx Jet Ski.In terms of performance, the first <a data-gid="gid://syiq/Yacht/17226" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing GTX90/0127.97m (91'9&quot;)Pershing S.p.a.2026">Pershing GTX90</a> yacht is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> V12X engines delivering 2,200 horsepower each, coupled with a pair of <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> TurboDrive 600 HCT waterjets. The yacht has CE Class A certification and is the first unit fitted with two <a data-gid="gid://syiq/Company/2383" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seakeeper, Inc. (Company)">Seakeeper</a> 18 gyroscopic stabilisers.

Pershing GTX90: First 28m yacht launched

Pershing has announced the launch of the first 27.97-metre Pershing GTX90 yacht on 1 July at the port of Fano in Italy.

First 28m Pershing GTX90 yacht launched

The 35.24-metre <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> GTX116 motor yacht <a data-gid="gid://syiq/Yacht/12221" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Byeee...35.24m (115'7&quot;)Pershing S.p.a.2024">Byeee...</a> has been listed on the market with Martin Bouilly of <a data-gid="gid://syiq/Company/6774" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="LARGEYACHT.CO (Company)">LARGEYACHT.CO</a>. Delivered in 2024, the yacht has been privately owned since delivery and is being offered for sale for the first time.<img src="https://photo-assets.superyachttimes.com/photo/399445/image/large-7a05c8bbb1a8d775c89e9e8760e5a826.jpg" data-gid="gid://syiq/Photo/399445"> Read: <a data-gid="gid://syiq/Article/59540" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="35m Pershing GTX116 yacht Byeee… launched (2024-01-19 15:45:00 +0100)">35m Pershing GTX116 yacht Byeee… launched</a>Delivered in 2024 by the Italian shipyard, <a data-gid="gid://syiq/Yacht/12221" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Byeee...35.24m (115'7&quot;)Pershing S.p.a.2024">Byeee...</a> forms the third hull of the <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> GTX116 series. <a data-gid="gid://syiq/Yacht/12221" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Byeee...35.24m (115'7&quot;)Pershing S.p.a.2024">Byeee…</a> was designed inside and outside by <a data-gid="gid://syiq/Company/585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fulvio De Simoni Yacht Design (Company)">Fulvio De Simoni Yacht Design</a>, while her naval architecture was developed in-house by <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a>. <img src="https://photo-assets.superyachttimes.com/photo/399442/image/large-1752e9964cd4f2b9b121792264127b36.png" data-gid="gid://syiq/Photo/399442">Constructed with a GRP hull and superstructure, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> has a beam of 7.7-metres and an interior volume of 239 GT.<img src="https://photo-assets.superyachttimes.com/photo/399444/image/large-b51157cb8e99e2e28800f41d245a7b42.png" data-gid="gid://syiq/Photo/399444">On the outside, the <a href="https://www.superyachttimes.com/directories/yachts/built-by=pershing" rel="noopener noreferrer" target="_blank" title="">Pershing yacht for sale</a> is centred around a 40-square-metre beach club, alongside a signature fold-down terrace and dual side boarding gates. On the cockpit, a large teak dining table and generous lounge areas can be found, while oversized sunpads aft invite guests to soak up the sun. <img src="https://photo-assets.superyachttimes.com/photo/399443/image/large-f6e9fd8bdf6d004da61b96ee44403001.png" data-gid="gid://syiq/Photo/399443">Forward, her previous owner had opted to replace the standard Jacuzzi with massive sunpads and a bar area, creating an alternative space for entertaining and relaxing.<img src="https://photo-assets.superyachttimes.com/photo/399441/image/large-df2c9c911db65f269a0acd6dccac7720.png" data-gid="gid://syiq/Photo/399441">Stepping inside, <a data-gid="gid://syiq/Yacht/12221" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Byeee...35.24m (115'7&quot;)Pershing S.p.a.2024">Byeee...</a> boasts a contemporary <a data-gid="gid://syiq/Company/585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fulvio De Simoni Yacht Design (Company)">Fulvio De Simoni Yacht Design</a> interior, where dark timber finishes are complemented by carbon fibre accents, and brushed metal detailing. <img src="https://photo-assets.superyachttimes.com/photo/399446/image/large-4e74b353318fc5dd137b067e48e1aadc.png" data-gid="gid://syiq/Photo/399446">Her main saloon benefits from expansive glazing letting in abundant natural light, while bespoke carbon fibre and titanium mosaics, premium Italian furnishings and warm taupe oak parquet flooring are found throughout.<img src="https://photo-assets.superyachttimes.com/photo/399447/image/large-ce48e4056b419503f98a6c000de5cd78.png" data-gid="gid://syiq/Photo/399447">At an interior volume of 239 GT, accommodation onboard the <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> is arranged for up to 10 guests across five well-appointed staterooms, including a full-beam owner's suite. Dedicated quarters accommodate up to five crew members, including her captain.<img src="https://photo-assets.superyachttimes.com/photo/399448/image/large-0fb1148678fc034502689588a9b1fdd4.png" data-gid="gid://syiq/Photo/399448"><img src="https://photo-assets.superyachttimes.com/photo/399449/image/large-934a36079e76e36903d0a07e9e1d052f.png" data-gid="gid://syiq/Photo/399449"> In terms of performance, <a data-gid="gid://syiq/Yacht/12221" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Byeee...35.24m (115'7&quot;)Pershing S.p.a.2024">Byeee...</a> is powered by triple <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines paired with waterjet propulsion, delivering a top speed of 30 knots. Moreover, twin <a data-gid="gid://syiq/Company/2383" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seakeeper, Inc. (Company)">Seakeepe</a>r 18 gyro stabilisers and a dynamic positioning system (DPS) enhance comfort and manoeuvrability.<img src="https://photo-assets.superyachttimes.com/photo/399450/image/large-2c49604145dce5dc52b88e16e85564ea.png" data-gid="gid://syiq/Photo/399450">

 35m Pershing motor yacht Byeee... for sale

The 35m Pershing GTX116 yacht Byeee... has been listed for sale for the first time with Large Yacht Co.


<a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> has unveiled the new GTX90, the latest model to join its Sport Utility Yachts range. Developed in collaboration between <a data-gid="gid://syiq/Company/289" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Vallicelli Design (Company)">Studio Vallicelli Design</a> and the Ferretti Group Engineering Department, the new project combines comfort and performance, innovation and craftsmanship, technology and cruising pleasure.<img src="https://photo-assets.superyachttimes.com/photo/397607/image/large-b179f88242cb1326329d8c10bddee37e.jpg" data-gid="gid://syiq/Photo/397607">First presented at boot Düsseldorf, the <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> GTX90 has been conceived to maximise both interior and exterior volumes. She is meant to exceed the standards in its class while delivering excellent performance and seamless continuity between living spaces.<img src="https://photo-assets.superyachttimes.com/photo/397612/image/large-a0c80a11cb7f9777cd06ffd65f822ed0.jpg" data-gid="gid://syiq/Photo/397612">Her exterior follows the established language of the GTX range, characterised by a near-vertical bow, a continuous slightly convex sheer line and the brand's Anniversary Silver hull finish. Her stern features two fold-down side terraces which, when opened, expand the cockpit to a total surface area of 37 square metres. Moreover, a garage aft provides storage for both a tender and a Jet Ski.<img src="https://photo-assets.superyachttimes.com/photo/397609/image/large-52c1409c702993610aab7e11cbb9f92c.jpg" data-gid="gid://syiq/Photo/397609">A defining feature of the new model is its 33-square-metre sportsbridge, which Pershing notes is 43 percent more spacious than the average for yachts of this size. On her main deck, a five-panel glass door creates a seamless connection between the interior and exterior living areas. Furthermore, the widebody saloon is designed for entertaining during voyage, featuring a &nbsp;show galley with a bar counter, a formal dining area for eight, alongside a lounge anchored by an L-shaped sofa . Forward, the helm station provides a commanding view, complete with three pilot seats and immediate access to the side decks.<img src="https://photo-assets.superyachttimes.com/photo/397608/image/large-4569fb7cd9a9987b361849f5a9c9cf27.jpg" data-gid="gid://syiq/Photo/397608">Accommodation is arranged across four ensuite staterooms on the lower deck, comprising a full-beam owner's suite amidships, a VIP stateroom forward and two guest staterooms.<img src="https://photo-assets.superyachttimes.com/photo/397610/image/large-6a61452ca4af656286edaa8444907b54.jpg" data-gid="gid://syiq/Photo/397610"><img src="https://photo-assets.superyachttimes.com/photo/397613/image/large-45e9c0f4fff98425596a9cb857d7e6a6.jpg" data-gid="gid://syiq/Photo/397613">Powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines paired with <a data-gid="gid://syiq/Company/2027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Castoldi S.p.A. (Company)">Castoldi</a> TurboDrive 600 HCT waterjets, the <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> GTX90 is expected to reach a top speed of 35 knots and a cruising speed of 30 knots. The model can also be equipped with twin <a data-gid="gid://syiq/Company/2383" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seakeeper, Inc. (Company)">Seakeeper</a> NG18 gyroscopic stabilisers and is designed to achieve CE Class A certification.<img src="https://photo-assets.superyachttimes.com/photo/397611/image/large-8c0d70844afa3cc85cde5c519586e028.jpg" data-gid="gid://syiq/Photo/397611">

Pershing unveils 27m GTX90 Sport Utility yacht

Pershing has unveiled the new 27m GTX90 Sport Utility yacht, featuring a 43% larger sportsbridge, expanded living spaces and a top speed of 35 knots.

Italian yacht builder <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has rejected allegations that the company has breached "golden power" rules designed to shield strategic assets. <img src="https://photo-assets.superyachttimes.com/photo/397066/image/large-cec8e87de7ad8613fc332951b5703d7a.jpg" data-gid="gid://syiq/Photo/397066">Last month, Czech investor KKCG Maritime submitted a request to the Italian government following Chinese shareholder Weichai Group’s decision to end CEO Alberto Galassi's 12-year tenure and replace him with Stassi Anastassov during the company’s Annual General Meeting held on 15 May 2026.Read more: <a data-gid="gid://syiq/Article/66099" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group appoints Stassi Anastassov as CEO amid ownership tensions (2026-05-15 16:30:00 +0200)">Ferretti Group appoints Stassi Anastassov as CEO amid ownership tensions</a><img src="https://photo-assets.superyachttimes.com/photo/394210/image/large-3bfd53739fbb59d4d9e5f0968bf4da9e.jpg" data-gid="gid://syiq/Photo/394210">KKCG ⁠wants the government to check whether multiple Chinese investors have acquired shareholdings in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> under a concerted action. “The problem is not a fact-based problem,” explained Stassi Anastassov during a press briefing in Milan.“Nothing has really changed. I am as independent as the previous CEO was. I am totally happy if there is an investigation because there is nothing and we would support any fact-finding.”The Board of Directors appointed Anastassov, alongside Tan Ning as Chairman of the Board, Patrick Sun, Federica Marchionni, Zhu Yi and Donatella Sciuto as independent directors, while Katarína Kohlmayer as minority shareholder representing Azùr a.s.In January 2026, KKCG Maritime had launched a voluntary partial tender offer to buy more shares in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>, equivalent to around 15.4 percent of the yacht builder’s total share capital. This was not supported by the Chinese controlling shareholder of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, Weichai, with <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> confirming its rejection of the offer shortly after.&nbsp;Read more:&nbsp;<a data-gid="gid://syiq/Article/65187" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="KKCG Maritime seeks to increase stake in Ferretti S.p.A to almost 30% (2026-01-19 22:15:00 +0100)">KKCG Maritime seeks to increase stake in Ferretti S.p.A to almost 30%</a><img src="https://photo-assets.superyachttimes.com/photo/393733/image/large-72490791b6a9b045e5ad8ef1e9aa81ea.jpg" data-gid="gid://syiq/Photo/393733">According to the Italian Consolidated Financial Act and the Hong Kong Code on Takeovers and Mergers, KKCG had to stay below the 30 percent threshold that would automatically require it to make a full takeover bid under these Italian and Hong Kong regulations.Italy’s “golden power” rules give Rome the right to veto or impose conditions on corporate deals involving companies considered strategic to national security. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> controls seven yacht brands, including <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Yachts</a>, <a data-gid="gid://syiq/Company/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a>, <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a>, Itama, <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a>, <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> and <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</a>, and also operates a small security division producing patrol vessels, which the company has previously described as non-core and sought to sell.Anastassov said the company has decided to shut down its small defence business in ⁠2024 on the basis of a unanimous decision of the previous board. “We are not actively selling anything sensitive today and there is no order intake.”

Ferretti Group denies breaching Italy’s golden power rules

Ferretti Group has rejected allegations that the company has breached "golden power" rules designed to shield strategic assets. 

Ferretti Group denies allegations of breaching Italy’s golden power rules

The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has officially announced the appointment of Stassi Anastassov as its new Chief Executive Officer with immediate effect, following the company’s Annual General Meeting held on 15 May 2026.<img src="https://photo-assets.superyachttimes.com/photo/393733/image/large-72490791b6a9b045e5ad8ef1e9aa81ea.jpg" data-gid="gid://syiq/Photo/393733">The appointment was confirmed by the Board of Directors, which also reconfirmed Tan Ning as Chairman of the Board. Anastassov succeeds Alberto Galassi, whose departure from the company was announced yesterday.Read: <a data-gid="gid://syiq/Article/66087" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti CEO Alberto Galassi departs as company appoints new Board of Directors (2026-05-14 16:00:00 +0200)">Ferretti CEO Alberto Galassi departs as company appoints new Board of Directors</a><img src="https://photo-assets.superyachttimes.com/photo/220951/image/large-769ff4738384374b511d59651630542a.jpg" data-gid="gid://syiq/Photo/220951">Anastassov joins the group with extensive international leadership experience across the consumer, industrial and manufacturing sectors. He previously served as the President and Chief Executive Officer of Duracell and spent three decades in senior leadership roles at Procter &amp; Gamble across Europe, North America, Asia and the Middle East.In addition to his executive experience, Anastassov currently serves as a non-executive director of JS Global Lifestyle and Better Shelter, while also advising international companies and investment firms on governance and operational transformation.“It is an honour to be appointed Chief Executive Officer of a unique company built on extraordinary brands, exceptional craftsmanship and talented people,” commented Stassi Anastassov.&nbsp;“Italy is and will remain the heart of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>. Our commitment is first and foremost to the strength, stability and long-term success of the Company. By serving the business well, we serve all shareholders, employees, customers and partners who contribute to <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>’s future.”During yesterday’s shareholder’s meeting is was announced that Tan Ning was appointed as Chairman of the Board of Directors, alongside Patrick Sun, Federica Marchionni, Zhu Yi and Donatella Sciuto as independent directors, while Katarína Kohlmayer joins the board representing minority shareholder Azùr a.s.“On behalf of the Board, I thank shareholders for their continued trust and support. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> enters this next phase with strong foundations, exceptional brands and significant long-term opportunities,” added Tan Ning.&nbsp;“The Board remains fully committed to continuity, disciplined execution and the long-term development of the Group. Under Mr. Anastassov’s leadership, the Group will continue to strengthen its operational excellence, global positioning and long-term value creation while preserving the unique heritage and identity that define <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>.”<img src="https://photo-assets.superyachttimes.com/photo/370929/image/large-3ff33c68bd9eb79649851d2a92eaeb2b.jpg" data-gid="gid://syiq/Photo/370929">Ownership tensions continueAs well as this, Reuters reported earlier today that Czech investor KKCG Maritime had submitted a request to the Italian government to assess whether <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> has breached "golden power" rules designed to shield strategic assets.In January 2026, KKCG Maritime had launched a voluntary partial tender offer to buy more shares in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a>, equivalent to around 15.4 percent of the yacht builder’s total share capital. This was not supported by the Chinese controlling shareholder of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, Weichai, with <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> confirming its rejection of the offer shortly after.&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/65187" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="KKCG Maritime seeks to increase stake in Ferretti S.p.A to almost 30% (2026-01-19 22:15:00 +0100)">KKCG Maritime seeks to increase stake in Ferretti S.p.A to almost 30%</a><img src="https://photo-assets.superyachttimes.com/photo/386471/image/large-5864e3d980f30348ec76855095f57666.jpg" data-gid="gid://syiq/Photo/386471">According to the Italian Consolidated Financial Act and the Hong Kong Code on Takeovers and Mergers, KKCG had to stay below the 30 percent threshold that would automatically require it to make a full takeover bid under these Italian and Hong Kong regulations.Italy’s “golden power” rules give Rome the right to veto or impose conditions on corporate deals involving companies considered strategic to national security. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> controls seven yacht brands, including <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Yachts</a>, <a data-gid="gid://syiq/Company/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a>, <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a>, Itama, <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a>, <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> and <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</a>, and also operates a small security division producing patrol vessels, which the company has previously described as non-core and sought to sell.As a result of this, KKCG ⁠wants the government to check whether multiple Chinese investors have acquired shareholdings in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> under a concerted action. "A request has been received and is currently being considered by the relevant departments,” explained Industry Minister Adolfo Urso.During the announcement of its new CEO Stassi Anastassov, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> said it would continue to execute its existing strategic and industrial plans while further strengthening operational discipline, global development and long-term value creation.The company’s next Board meeting is scheduled for 19 May 2026, during which it will review its first-quarter 2026 financial results.

Ferretti Group appoints Stassi Anastassov as CEO

The Ferretti Group has officially announced the appointment of Stassi Anastassov as its new Chief Executive Officer with immediate effect.

business-people-large-articles#0

Ferretti Group appoints Stassi Anastassov as CEO amid ownership tensions

The 25.55-metre <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> motor yacht <a data-gid="gid://syiq/Yacht/12725" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Survivor25.55m (83'10&quot;)Pershing S.p.a.2022">Survivor</a> has been sold in an in-house transaction completed by <a data-gid="gid://syiq/Company/5696" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ventura Yachts (Company)">Ventura Yachts</a>. Richard Scott of <a data-gid="gid://syiq/Company/5696" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ventura Yachts (Company)">Ventura</a> Marbella represented the buyer, while Michael Newton-Woof of <a data-gid="gid://syiq/Company/5696" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ventura Yachts (Company)">Ventura</a> London represented the seller.<img src="https://photo-assets.superyachttimes.com/photo/296887/image/large-0cfef23d9799b2131de7330d378dc754.jpg" data-gid="gid://syiq/Photo/296887">Delivered in 2022 by the Italian shipyard, <a data-gid="gid://syiq/Yacht/12725" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Survivor25.55m (83'10&quot;)Pershing S.p.a.2022">Survivor</a> forms part of the <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> 8X series and was previously known as MX5. <a data-gid="gid://syiq/Company/585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fulvio De Simoni Yacht Design (Company)">Fulvio De Simoni Yacht Design</a> was responsible for the yacht’s entirety, having crafted both her exterior and interior design, alongside her naval architecture.&nbsp;At an internal volume of 96 GT, accommodation onboard <a data-gid="gid://syiq/Yacht/12725" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Survivor25.55m (83'10&quot;)Pershing S.p.a.2022">Survivor</a> is arranged for up to eight guests across four well-appointed staterooms. Dedicated sleeping quarters comfortably accommodate two crew members, including her captain.Constructed with a GRP hull and superstructure, the yacht has a beam of 5.86-metres and a shallow draft of 1.4-metres. In terms of performance, <a data-gid="gid://syiq/Yacht/12725" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Survivor25.55m (83'10&quot;)Pershing S.p.a.2022">Survivor</a> is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, delivering a cruising speed of 41 knots and a remarkable top speed of 48 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/12725" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Survivor25.55m (83'10&quot;)Pershing S.p.a.2022">Survivor</a> had a last known asking price of €4,750,000. Image courtesy of <a data-gid="gid://syiq/Company/5696" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ventura Yachts (Company)">Ventura Yachts</a>.

26m Pershing sport yacht Survivor sold

The 26m Pershing motor yacht Survivor has been sold in an in-house transaction completed by Ventura Yachts.


 26m Pershing yacht Survivor sold

The fifth 42.98-metre <a data-gid="gid://syiq/Yacht/12433" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing 140/0542.98m (141'0&quot;)Pershing S.p.a.2026">Pershing 140</a> yacht has been launched from the Superyacht Yard in Ancona, Italy.<img src="https://photo-assets.superyachttimes.com/photo/393342/image/large-9899ce0cd31c705808478cd4ba0887ed.jpg" data-gid="gid://syiq/Photo/393342">The fifth <a data-gid="gid://syiq/Yacht/12433" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing 140/0542.98m (141'0&quot;)Pershing S.p.a.2026">Pershing 140</a> yacht features interior and exterior design by <a data-gid="gid://syiq/Company/585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fulvio De Simoni Yacht Design (Company)">Fulvio De Simoni Yacht Design</a>, with naval architecture by her builder <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a>. Unlike her sisterships, her owner requested a brilliant white hull, a choice which was echoed in her interior through pale shades.<img src="https://photo-assets.superyachttimes.com/photo/393412/image/large-3767d57427314a4b6957be7c39baf2f0.jpg" data-gid="gid://syiq/Photo/393412">Spanning 394 GT, the sleek <a data-gid="gid://syiq/Yacht/12433" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing 140/0542.98m (141'0&quot;)Pershing S.p.a.2026">Pershing 140</a> yacht boasts a revised layout, with her aft beach area used as a social area, equipped with a fully equipped central bar, instead of the standard garage configuration for tenders and toys.&nbsp;Moving upwards towards the cockpit, the <a data-gid="gid://syiq/Yacht/12433" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing 140/0542.98m (141'0&quot;)Pershing S.p.a.2026">Pershing 140</a> yacht showcases a lounge area, furnished with sofas and freestanding armchairs facing her generous sunpad. A second secluded area can be found a few steps above, with alfresco dining for up to 10 guests, complemented by side openings and glass panels, and adorned with abstract designs. <img src="https://photo-assets.superyachttimes.com/photo/393411/image/large-a0b3e0afba75e0c27d91f3685fcf00d5.jpg" data-gid="gid://syiq/Photo/393411">The glass door between the cockpit and the open space on her main deck leads directly into the dining area, which features a starboard bar unit and a circular table that seats up to eight guests.Her light-filled lounge is furnished with a sofa and four freestanding armchairs facing the TV, while a full-beam master suite can also be found on this deck, situated at the bow and personalised with an L-shaped sofa, and additional storage space in place of a vanity desk.<img src="https://photo-assets.superyachttimes.com/photo/393408/image/large-6ade6c2ee8a18e1d15fb703c38f65f3f.jpg" data-gid="gid://syiq/Photo/393408">The remaining guest accommodation is located on the lower deck, each with an ensuite bathroom and decorated in a palette of soft colours. Pullman beds have also been added to increase the guest capacity, with two staterooms accommodating up to three people each, and two VIP suites with double beds, one of which can be converted into two singles.The <a data-gid="gid://syiq/Yacht/12433" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing 140/0542.98m (141'0&quot;)Pershing S.p.a.2026">Pershing 140</a> yacht also includes additional areas for entertainment and relaxation, with her sundeck designed as a panoramic terrace. The space includes a bar, comfy sofas with pouffes and a second helm station, which is fitted with three pilot chairs that offer an alfresco driving experience.<img src="https://photo-assets.superyachttimes.com/photo/393410/image/large-188f25d681effd5556bb34cd956ca458.jpg" data-gid="gid://syiq/Photo/393410">The bow of the <a data-gid="gid://syiq/Yacht/12433" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing 140/0542.98m (141'0&quot;)Pershing S.p.a.2026">Pershing 140</a> yacht can be reached via the side walkways and includes a lounge area, complete with a Jacuzzi and a generous sunbathing area. Her raised pilot house is also connected to the sun deck and has been personalised in a beige and white colour scheme.&nbsp;In terms of performance, the <a data-gid="gid://syiq/Yacht/12433" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing 140/0542.98m (141'0&quot;)Pershing S.p.a.2026">Pershing 140</a> yacht is powered by four <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> 16V 2000 M96L 2,600 horsepower engines, coupled with waterjet propulsion. The result is a top speed of 35 knots and a cruising speed of 30 knots.&nbsp;

Pershing 140: Fifth yacht launched

The fifth 42.98-metre Pershing 140 yacht has been launched from the Superyacht Yard in Ancona, Italy.

Fifth 43m Pershing 140 yacht launched 

The 24-metre <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> motor yacht <a data-gid="gid://syiq/Yacht/13630" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ciao24.0m (78'9&quot;)Pershing S.p.a.2024">Ciao</a> has been sold. Pedro Barbosa of <a data-gid="gid://syiq/Company/1102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Allied Marine (Company)">Allied Marine</a> represented the seller.<img src="https://photo-assets.superyachttimes.com/photo/370963/image/large-cd81e78e1b36774a3568ca2eb3764f8c.png" data-gid="gid://syiq/Photo/370963"><a data-gid="gid://syiq/Yacht/13630" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ciao24.0m (78'9&quot;)Pershing S.p.a.2024">Ciao</a> was delivered in 2024 and features naval architecture penned in-house by her builder. Meanwhile, <a data-gid="gid://syiq/Company/289" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Vallicelli Design (Company)">Studio Vallicelli Design</a> took charge of her metallic exterior profile. She can sleep up to eight guests across four well-appointed staterooms.&nbsp;Regarding her propulsion system, the <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> yacht is powered by triple <a data-gid="gid://syiq/Company/5350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Volvo Penta (Company)">Volvo Penta</a> engines, giving her a cruising speed of 28 knots and a top speed of 34 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/13630" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ciao24.0m (78'9&quot;)Pershing S.p.a.2024">Ciao</a> had a last known asking price of $5,500,000.Photo courtesy of <a data-gid="gid://syiq/Company/1102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Allied Marine (Company)">Allied Marine</a>.

Pershing yacht Ciao sold

The 24-metre Pershing motor yacht Ciao has been sold.

24m Pershing motor yacht Ciao sold

The 32.9-metre <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> yacht <a data-gid="gid://syiq/Yacht/6142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Grace32.9m (107'11&quot;)Pershing S.p.a.2016">Grace</a> is on the market, with Onur Erardag of <a data-gid="gid://syiq/Company/4569" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautique Yachting (Company)">Nautique Yachting</a>. Delivered in 2016, the <a href="https://www.superyachttimes.com/yachts/for-sale" target="_blank">yacht for sale</a> was delivered in 2016.<img src="https://photo-assets.superyachttimes.com/photo/389729/image/large-e3f8469150a0f64c5daa080bf7b83464.jpg" data-gid="gid://syiq/Photo/389729">She features naval architecture penned in-house by her builder, with interior and exterior design crafted by <a data-gid="gid://syiq/Company/585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fulvio De Simoni Yacht Design (Company)">Fulvio De Simoni Yacht Design</a>. The <a href="https://www.superyachttimes.com/yachts/grace-33m" target="_blank">yacht Grace for sale</a> sports a metallic hull and is constructed entirely in GRP.<img src="https://photo-assets.superyachttimes.com/photo/389745/image/large-e16e18c3ae50126eac69622f9c19a655.jpg" data-gid="gid://syiq/Photo/389745"><img src="https://photo-assets.superyachttimes.com/photo/389746/image/large-7e1a6b2d4905f8a3d6053a8fbabfa4e3.jpg" data-gid="gid://syiq/Photo/389746">At a volume of 176 GT and a beam of 6.7-metres, <a data-gid="gid://syiq/Yacht/6142" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Grace32.9m (107'11&quot;)Pershing S.p.a.2016">Grace</a> can accommodate up to eight guests across four well-appointed staterooms. The <a href="https://www.superyachttimes.com/yachts/motor/for-sale" target="_blank">motor yacht for sale’s</a> layout includes a full-beam master stateroom, a VIP suite, and flexible twin cabins convertible to doubles. Onboard comfort is supported by five crew members accommodated in five cabins.<img src="https://photo-assets.superyachttimes.com/photo/389748/image/large-08f577fe7de335f0d109dd3dbf9d514a.jpg" data-gid="gid://syiq/Photo/389748"><img src="https://photo-assets.superyachttimes.com/photo/389749/image/large-2f7bdfcb49b995e2b826f3aa50de6522.jpg" data-gid="gid://syiq/Photo/389749">Stepping outside, guests can soak up the sun on the sundeck or enjoy alfresco dining. She is also equipped with a selection of water toys and tenders for enhanced onboard experience.<img src="https://photo-assets.superyachttimes.com/photo/389742/image/large-8238aa2dfb9e6e00bf93d05d1fc40425.jpg" data-gid="gid://syiq/Photo/389742"><img src="https://photo-assets.superyachttimes.com/photo/389728/image/large-89731abe3b7d6f3a8ad11aff1b7f263e.jpg" data-gid="gid://syiq/Photo/389728">Regarding her propulsion system, the <a href="https://www.superyachttimes.com/yachts/pershing/for-sale" target="_blank">Pershing 108 yacht for sale</a> is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, giving her a cruising speed of 35 knots and a top speed of 42 knots.

Pershing yacht Grace on the market

The 32.9-metre Pershing yacht Grace is for sale.


33m Pershing yacht Grace for sale with a top speed of 42 knots

The 24.98-metre <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> motor yacht <a data-gid="gid://syiq/Yacht/16972" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Straga 24.98m (81'11&quot;)Pershing S.p.a.2016">Straga</a> is on the market, with Rodion Burduzhan of <a data-gid="gid://syiq/Company/4561" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arcon Yachts (Company)">Arcon Yachts</a>. The <a href="https://www.superyachttimes.com/yachts/for-sale" target="_blank">yacht for sale</a> was delivered in 2016 and benefitted from a refit in 2025.<img src="https://photo-assets.superyachttimes.com/photo/388660/image/large-e88abda9b3bc8bbce19fb9577b01e707.jpg" data-gid="gid://syiq/Photo/388660"><a data-gid="gid://syiq/Yacht/16972" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Straga 24.98m (81'11&quot;)Pershing S.p.a.2016">Straga</a> features naval architecture penned in-house by her builder, with interior and exterior design drawn from the boards of <a data-gid="gid://syiq/Company/585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fulvio De Simoni Yacht Design (Company)">Fulvio De Simoni Yacht Design</a>. The sport boat yacht displays a sleek metallic exterior design and a clean interior aesthetic.<img src="https://photo-assets.superyachttimes.com/photo/388677/image/large-3ff453b82e904592a692c1710d628dad.png" data-gid="gid://syiq/Photo/388677"><img src="https://photo-assets.superyachttimes.com/photo/388676/image/large-4ff6dc80a0079e9e2b68ae3d7ac6c8c4.png" data-gid="gid://syiq/Photo/388676">Her main saloon is fitted with an L-shaped sofa, complemented by a dining area that can seat four guests. At a volume of 77 GT, the <a href="https://www.superyachttimes.com/yachts/straga" target="_blank">yacht Straga for sale</a> can accommodate up to eight guests across four well-appointed staterooms. Her layout comprises a master suite and guest staterooms.<img src="https://photo-assets.superyachttimes.com/photo/388680/image/large-d48b66687676ca1c66bfe4e0070e6fe5.png" data-gid="gid://syiq/Photo/388680">Moving outside, the <a href="https://www.superyachttimes.com/yachts/motor/for-sale" target="_blank">motor yacht for sale’s</a> foredeck gives those onboard an opportunity to relax and enjoy the scenic views. She also comes with a <a data-gid="gid://syiq/Company/4203" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Williams Jet Tenders (Company)">Williams</a> Jet Tender and a <a data-gid="gid://syiq/Company/4209" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seadoo Proshop (Company)">Seadoo</a> Spark for onboard entertainment.<img src="https://photo-assets.superyachttimes.com/photo/388682/image/large-3db927ef244b75ba92c331ce79e21a5c.png" data-gid="gid://syiq/Photo/388682"><img src="https://photo-assets.superyachttimes.com/photo/388683/image/large-2797f1d20b5ebf4540d08fbfb1f29c51.png" data-gid="gid://syiq/Photo/388683">In terms of propulsion system, the <a href="https://www.superyachttimes.com/yachts/pershing/for-sale" target="_blank">Pershing yacht for sale</a> is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, giving her a cruising speed of 40 knots and a top speed of 47 knots.Photo courtesy of <a data-gid="gid://syiq/Company/4561" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arcon Yachts (Company)">Arcon Yachts</a>.

Pershing yacht Straga for sale

The 24.98-metre Pershing motor yacht Straga is on the market.

25m Pershing yacht Straga for sale with a top speed of 47 knots

PBIBS 2026 list of yachts

SuperYacht Times presents a compilation of the yachts attending this year’s Palm Beach International Boat Show.

Largest yachts attending the Palm Beach International Boat Show 2026

In their latest financial disclosure, the Board of Directors of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, the Italy-based yacht builder headquartered in Forlì, has officially reviewed and approved the unaudited consolidated preliminary financial results for 2025. <img src="https://photo-assets.superyachttimes.com/photo/386471/image/large-5864e3d980f30348ec76855095f57666.jpg" data-gid="gid://syiq/Photo/386471">Order intake by segment&nbsp;In 2025, order intake totalled €1,136.6 million, broadly in line with the €1,139.3 million recorded in 2024, representing a marginal decrease of 0.2% year-on-year.By segment, the 2025 order intake was primarily driven by the made-to-measure and composite yacht segments, with a significantly lower contribution from the superyacht segment compared to the previous year.Composite yachts under 30-metres generated €458.4 million in orders, accounting for 40.3% of total intake, up from €425.9 million and 37.4% in 2024. This represents a year-on-year increase of 7.6%, with more than half of the segment’s orders deriving from models above 80 feet.The made-to-measure segment between 30 and 43-metres recorded €608.1 million in order intake, representing 53.5% of the total, compared to €414.6 million and 36.4% in 2024. The 46.7% increase year-on-year reflects the segment’s significantly greater weight within the overall order mix during the period.In contrast, the superyacht segment above 43-metres in alloy totalled €66.1 million, accounting for 5.8% of total order intake, compared to €294.9 million and 25.9% in 2024. The year-on-year decline reflects a different project mix, with two branded superyachts ordered in 2025, compared to a combination of two bespoke and three branded units in the previous year.Other businesses remained broadly stable at €4.1 million, representing 0.4% of total order intake, in line with €4 million in 2024.Order intake by geographyBy geographic area, Europe remained the largest contributor to order intake in 2025, generating €576 million and accounting for 50.7% of the total, compared to €559 million and 49.1% in 2024. The year-on-year increase of 3% &nbsp;was primarily supported by demand in the made-to-measure segment.The Middle East and Africa recorded €265.6 million in orders, representing 23.4% of total intake, down from €339.5 million and 29.8% in 2024. While the region continued to see activity in the made-to-measure and composite segments, the year-on-year comparison was affected by the inclusion of three superyacht orders in the prior year.The Americas totalled €271.1 million, accounting for 23.9% of total intake, compared to €222.2 million and 19.5% in 2024. This represents an increase of 22% year-on-year, reflecting stronger demand across both composite and made-to-measure models, particularly towards the end of the year.Asia-Pacific remained comparatively limited, with €23.9 million in orders, representing 2.1% of total intake, up from €18.6 million and 1.6% in 2024.Overall, the geographic distribution of orders in 2025 reflects relative stability in Europe, growth in the Americas, a reduced contribution from the Middle East and Africa compared to the previous year, and a modest increase in Asia-Pacific.<img src="https://photo-assets.superyachttimes.com/photo/370929/image/large-3ff33c68bd9eb79649851d2a92eaeb2b.jpg" data-gid="gid://syiq/Photo/370929">Order backlog As of 31 December 2025, the order backlog stood at €1,715.7 million, representing an increase of 14.5% compared to 30 September 2025 and 3.1% compared to €1,663.9 million at 31 December 2024.Order backlog by segmentBy segment, the composition of the backlog reflects a greater weighting towards made-to-measure yachts, alongside a broadly stable contribution from superyachts and a reduced share from composite models.Composite yachts under 30-metres accounted for €275.3 million, representing 16.0% of total backlog, compared to €365.8 million and 22% at the end of 2024, a decrease of 24.7% year-on-year.The made-to-measure segment between 30 and 43-metres reached €732.7 million, accounting for 42.7% of total backlog, up from €554.3 million and 33.3% in 2024, reflecting a 32.2% increase year-on-year.Superyachts above 43-metres in alloy totalled €702.1 million, representing 40.9% of the backlog, broadly stable compared to €704.1 million and 42.3% in the previous year.Other businesses declined to €5.6 million, accounting for 0.3% of total backlog, compared to €39.7 million and 2.4% at 31 December 2024.<img src="https://photo-assets.superyachttimes.com/photo/345521/image/large-30a3e8a5f540ae8ddee0f58d7a955771.jpg" data-gid="gid://syiq/Photo/345521">Net backlogNet backlog, defined as the total value of orders not yet delivered net of revenues already recognised, stood at €828.6 million as of 31 December 2025. This represents an increase of 4.3% compared to €794.7 million at 30 September 2025, and a decrease of 7.9% compared to €900 million at 31 December 2024.The quarter-on-quarter increase reflects the product mix within the order book, including a higher presence of yachts above 80 feet.During 2025, the Group collected approximately €1,136.6 million in orders, corresponding to 214 units, while deliveries totalled 225 units. The evolution in volumes indicates a continued shift towards larger models within the portfolio.Net revenue new yachtsNet revenue from new yachts totalled €1,231.7 million in 2025, representing an increase of 5% compared to €1,173.3 million in 2024. The year-on-year growth was supported by the existing order backlog and a stronger contribution from the made-to-measure and superyacht segments.Net revenue by segmentComposite yachts under 30-metres generated €485.8 million in revenue, accounting for 39.4% of total net revenue from new yachts, compared to €548.1 million and 46.7% in 2024, representing a decrease of 11.4% year-on-year.The made-to-measure segment between 30 and 43-metres recorded €494.6 million, or 40.2% of total revenue, up from €417.8 million and 35.6% in the previous year, reflecting an increase of 18.4%.Superyachts above 43-metres in alloy contributed €190.3 million, accounting for 15.5% of total revenue, compared to €148.6 million and 12.7% in 2024, representing growth of 28.1%.Other businesses generated €61 million, corresponding to 5% of total net revenue, broadly in line with €58.8 million and 5% in 2024.<img src="https://photo-assets.superyachttimes.com/photo/311769/image/large-e8b638d3e79da0f54b56af8a7e28b860.jpg" data-gid="gid://syiq/Photo/311769">Net revenue by geographic areaBy geographic area, Europe generated €540.5 million in revenue, accounting for 43.9% of total net revenue from new yachts, compared to €593.5 million and 50.6% in 2024, representing a decline of 8.9%.The Middle East and Africa recorded €372.3 million, or 30.2% of total revenue, up from €269.3 million and 23% in the prior year, reflecting growth of 38.2%.The Americas totalled €298.3 million, accounting for 24.2% of total revenue, compared to €270.9 million and 23% in 2024, representing an increase of 10.1%.Asia-Pacific generated €20.6 million, corresponding to 1.7% of total revenue, compared to €39.6 million and 3.4% in the previous year, representing a decrease of 48%.Overall, revenue growth in 2025 was supported by a stronger contribution from the made-to-measure and superyacht segments and by increased revenue in the Middle East and the Americas, partially offset by lower volumes in composite yachts and reduced revenue from Asia-Pacific.Consolidated operating and net resultsAdjusted EBITDAAdjusted EBITDA for 2025 amounted to €202.8 million, representing an increase of 6.7% compared to €190 million in 2024. The adjusted EBITDA margin improved to 16.5%, up 30 basis points from 16.2% in the previous year.Net profitNet profit totalled €90.1 million in 2025, reflecting growth of 2.2% compared to €88.2 million in 2024.Overview of the consolidated balance sheetInvestmentsInvestments in tangible and intangible assets amounted to €89.2 million as of 31 December 2025. Of this total, approximately €30.8 million was allocated to maintenance activities and product portfolio development, while €58.4 million was directed towards business expansion initiatives.More than half of the 2025 capital expenditure was dedicated to research and development, including the development of new models, the restyling of existing models, and the completion of the Ravenna shipyard.Net financial positionAs of 31 December 2025, the Group reported a net cash position of €111 million, an increase of approximately €45.8 million compared to €65.2 million at 30 September 2025. Compared to €124.6 million at 31 December 2024, the net cash position decreased by €13.6 million year-on-year. The quarter-on-quarter improvement was supported by the release of net working capital, driven by seasonal deliveries and down payments on new orders.Net working capitalNet working capital stood at €161.5 million as of 31 December 2025. This represents a decrease of €28 million compared to 30 September 2025 and an increase of approximately €37 million compared to €124.5 million at 31 December 2024.Outlook:The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Group</a> stated that demand from top-tier luxury clients remains resilient despite geopolitical and macroeconomic uncertainty, in contrast to more aspirational segments. Against this backdrop, it reported continued market share gains and a strengthening of its position across both established and emerging segments.Looking ahead, the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Group</a> intends to focus on expanding and refining its product mix, particularly within the composite and made-to-measure segments, while increasing its presence in larger alloy yachts under the <a data-gid="gid://syiq/Company/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a>, <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> and <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> brands. It also plans to continue investing in innovation and more environmentally responsible technologies, alongside further development of brokerage, chartering, management and refit services. In addition, the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Group</a> aims to internalise more high value-added activities to support long-term growth and portfolio expansion.<img src="https://photo-assets.superyachttimes.com/photo/49065/image/large-1d7003bdf7abc735ea66a3dde5a92160.jpg" data-gid="gid://syiq/Photo/49065">Commenting on the results, Chief Executive Officer Alberto Galassi described 2025 as “a challenging year for the global yachting industry”, noting that in selective market conditions “companies with industrial vision, financial discipline and strategic consistency truly stand out”. He added that the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Group</a> had achieved all of its objectives, with revenues growing “faster than the reference sector” and margins improving.Galassi further stated that the company continues to strengthen its leadership in high-margin segments while maintaining “a rigorous balance between growth and the quality of our order backlog”, emphasising that management’s objective remains “profitable growth, industry leadership and long-term value creation for all stakeholders”.

Ferretti Group reports €1.23B in 2025 revenue, up 5%

Ferretti Group has approved its unaudited consolidated preliminary financial results for 2025, confirming full-year performance.

The 28.09-metre <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> motor yacht <a data-gid="gid://syiq/Yacht/12127" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Shine28.09m (92'2&quot;)Pershing S.p.a.2021">Shine</a> sold in a deal with Adam-Michael Papadakis of <a data-gid="gid://syiq/Company/808" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moravia Yachting (Company)">Moravia Yachting</a> introducing the buyer and Gary Hardcastle of <a data-gid="gid://syiq/Company/8384" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Autograph Yacht Group (Company)">Autograph Yacht Group</a> representing the seller. <img src="https://photo-assets.superyachttimes.com/photo/348460/image/large-6f3e31f42a34cbb8e64e8da6d22094a5.jpg" data-gid="gid://syiq/Photo/348460">Delivered in 2021 as part of the <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> 9X series, <a data-gid="gid://syiq/Yacht/12127" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Shine28.09m (92'2&quot;)Pershing S.p.a.2021">Shine</a> was designed in-full by <a data-gid="gid://syiq/Company/585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fulvio De Simoni Yacht Design (Company)">Fulvio De Simoni Yacht Design</a>, which were responsible for her interior and exterior design, as well as her naval architecture.Spanning 82 GT, <a data-gid="gid://syiq/Yacht/12127" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Shine28.09m (92'2&quot;)Pershing S.p.a.2021">Shine</a> can comfortably accommodate up to eight guests across a four stateroom configuration on the lower deck, with her full-beam master suite situated amidships, a VIP forward, alongside a double and twin stateroom.&nbsp;Exterior features onboard <a data-gid="gid://syiq/Yacht/12127" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Shine28.09m (92'2&quot;)Pershing S.p.a.2021">Shine</a> include a generously-sized table on her main aft deck, while her sundeck provides guests with ample lounging space to recline and soak up the sun.In terms of performance, <a data-gid="gid://syiq/Yacht/12127" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Shine28.09m (92'2&quot;)Pershing S.p.a.2021">Shine</a> is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, which give her a cruising speed of 32 knots, and a top speed of 42 knots. At the time of her sale, <a data-gid="gid://syiq/Yacht/12127" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Shine28.09m (92'2&quot;)Pershing S.p.a.2021">Shine</a> had a last known asking price of $6,500,000.(Image courtesy of Moravia Yachting.)

Shine: 28m Pershing yacht sold

The 28.09-metre Pershing motor yacht Shine sold with a last known asking price of $6,500,000.

28m Pershing motor yacht Shine sold

The 23.99-metre <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> motor yacht <a data-gid="gid://syiq/Yacht/16894" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Principessa Capricciosa 23.99m (78'8&quot;)Pershing S.p.a.2019">Principessa Capricciosa</a> is currently for sale with Marco Fodale of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a>. Built in 2019 by Italian shipyard <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a>, she is a one-owner <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> 82 VHP delivering high-speed yet comfortable cruising. &nbsp; <img src="https://photo-assets.superyachttimes.com/photo/384665/image/large-ca65ef30c42e43a1e4b01777472609cb.jpg" data-gid="gid://syiq/Photo/384665">The <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> features exterior styling, interior design, and naval architecture by <a data-gid="gid://syiq/Company/585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fulvio De Simoni Yacht Design (Company)">Fulvio De Simoni Yacht Design</a>. <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Principessa Capricciosa</a> is a Very High Performance (VHP) version featuring a carbon fiber superstructure and a GRP hull, she is optimised for speed and efficiency. <img src="https://photo-assets.superyachttimes.com/photo/384677/image/large-6acd9503daccd60346919945ba06edc1.jpg" data-gid="gid://syiq/Photo/384677">Meticulously maintained since her delivery, the <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a>’s exteriors offer multiple social areas, including forward sunpads, an aft deck for alfresco dining, and a versatile cockpit area for either relaxation and entertaining. Retractable glass doors in the main salon create a seamless indoor-outdoor living space, enhancing the open-plan feel on board. <img src="https://photo-assets.superyachttimes.com/photo/384671/image/large-fa33b103d53a954d91e488cc8ae65f20.jpg" data-gid="gid://syiq/Photo/384671">The 74GT <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> presents a modern interior, with a bright and spacious main lounge that can transition between social and dining arrangements. Expansive glazing enhances natural light on board, while a reconfigured main deck lounge offers greater flexibility for guests. She also features a tropical air conditioning system to support warm-climate cruising. <img src="https://photo-assets.superyachttimes.com/photo/384686/image/large-c5976394a6035cfa342919751b9ba07a.jpg" data-gid="gid://syiq/Photo/384686"> <a data-gid="gid://syiq/Yacht/16894" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Principessa Capricciosa 23.99m (78'8&quot;)Pershing S.p.a.2019">Principessa Capricciosa</a> accommodates up to eight guests across &nbsp;four well-appointed staterooms, comprising a master suite, a VIP stateroom, and two twin staterooms, with three ensuite bathrooms. Up to three crew members are housed in two quarters. <img src="https://photo-assets.superyachttimes.com/photo/384680/image/large-87bad1812dc97cc38e957598921959be.jpg" data-gid="gid://syiq/Photo/384680" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">In terms of performance, she is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> 16V 2000 M96 engines with 2,640 HP each, delivering a cruising speed of 42 knots and a top speed of 49 knots. The <a href="https://www.superyachttimes.com/yachts/pershing/for-sale" rel="noopener noreferrer" target="_blank" title="">Pershing yacht for sale</a>’s VHP configuration enhances performance, while her recent maintenance including antifouling works and battery replacements supports reliability and turnkey ownership. <img src="https://photo-assets.superyachttimes.com/photo/384689/image/large-92451176b24eb30af619db73dd5458c6.jpg" data-gid="gid://syiq/Photo/384689"><a data-gid="gid://syiq/Yacht/16894" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Principessa Capricciosa 23.99m (78'8&quot;)Pershing S.p.a.2019">Principessa Capricciosa</a> is currently located in Naples, Italy and is available for private inspection.

24m Pershing 82 VHP yacht Principessa Capricciosa for sale

24m Pershing 82 VHP motor yacht Principessa Capricciosa is for sale with Fraser. Built in 2019, one-owner yacht, 49-knot performance, four staterooms.

The Chinese controlling shareholder of <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, Weichai, has confirmed it does not intend to support a tender offer launched by Czech investment group KKCG.<img src="https://photo-assets.superyachttimes.com/photo/350789/image/large-c925bdad7e368791d7a5d4d3ebe4d4b9.jpg" data-gid="gid://syiq/Photo/350789">According to Reuters, the Chinese investor said on Thursday that it could instead increase its own shareholding in Ferretti, countering KKCG’s move earlier this week to strengthen its position within the group.&nbsp;Read:&nbsp;<a data-gid="gid://syiq/Article/65187" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="KKCG Maritime seeks to increase stake in Ferretti S.p.A to almost 30% (2026-01-19 22:15:00 +0100)">KKCG Maritime seeks to increase stake in Ferretti S.p.A to almost 30%</a><img src="https://photo-assets.superyachttimes.com/photo/345521/image/large-c503c4b1b56b0be396deea8d6d5952b8.jpg" data-gid="gid://syiq/Photo/345521">The Czech group has made clear that the offer is intended to facilitate changes to <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti</a>’s board, whose current members were selected by the Chinese majority shareholder, but tensions are now growing over the control of the company.Yesterday, Kuwaiti investor Bader Nasser Al-Kharafi announced he had <a data-gid="gid://syiq/Article/65200" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Kuwaiti investor Bader Nasser Al-Kharafi acquires 3% stake in Ferretti Group (2026-01-21 09:15:00 +0100)">acquired a three percent stake</a> in <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, which encompasses brands including <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti Yachts</a>, <a data-gid="gid://syiq/Company/363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Riva S.p.A. (Company)">Riva</a>, <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a>, <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a>, <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a> and <a data-gid="gid://syiq/Company/166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wally (Company)">Wally</a>, is a prominent player in the global yacht and superyacht sector.

Weichai rejects KKCG tender offer for Ferretti Group shares

Weichai, has confirmed it does not intend to support a tender offer launched by Czech investment group KKCG.