Ferretti starts taking stock orders for Milan listing (updated)

Ferretti SpA

21/06/2023 10:18

(Adds timetable, background)
       LONDON, June 21 (Reuters) - Italian yacht maker Ferretti
 9638.HK  has started taking stock orders from investors as it
seeks an additional listing of shares in Milan, one of the
investment banks acting on the sale said on Wednesday.
    The company, which already trades on the Hong Kong bourse,
plans to sell up to 97 million existing shares, representing
around 28.7% of its share capital.
    It expects to price and allocate shares among investors by
the end of the week, with a view to debuting in Milan on June
27, according to a timetable of the deal.
    Just over one year ago Ferretti, which is controlled by
Chinese conglomerate Weichai Group, completed its initial public
offering (IPO) in Hong Kong.
    
        
  
        
  

 (Reporting by Pablo Mayo Cerqueiro; editing by Louise Heavens
and Jason Neely)
 ((Pablo.MayoCerqueiro@thomsonreuters.com;))