Brief: Italy's Ferretti acquires production site near Ravenna, northern Italy

Ferretti SpA

20/03/2023 14:21

March 20 (Reuters) - Ferretti SpA  9638.HK  says in a
statement:
    * ACQUIRES PRODUCTION SITE OF OVER 70,000 SQUARE METRES,
INCLUDING
A DRY DOCK, NEAR RAVENNA, NORTHERN ITALY
    * DEAL FOR INITIAL INVESTMENT OF ABOUT 40 MILLION EUROS TO
BE
FOLLOWED BY FURTHER 40 MILLION OVER COMING THREE-YEAR PERIOD
    * NEW FACILITY, WHEN FULLY OPERATIONAL, WILL INCREASE
PRODUCTION
CAPACITY BY ABOUT 20%

Further company coverage:  F3T1.F 

 (Reporting by Milan newsroom)