Ferretti Evaluates Acquisition of Italian Sea Group to Strengthen Domestic Market Position

According to Bloomberg, Ferretti SpA (owner of Riva and Wally brands) is evaluating a proposal to acquire full or partial assets of troubled competitor Italian Sea Group SpA, including a shipyard in La Spezia, to consolidate its position in the Italian market. The potential deal would unite two Italian-listed yacht manufacturers and represents a major move for Ferretti following Weichai Group's acquisition of board control last month.
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