Italy investigates China-led Ferretti investor stakes
Italy is checking if China-led investors in Ferretti failed to disclose stakes. The probe follows a leadership change at the strategic yacht manufacturer.
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Italy is investigating whether China-led investors in FERRETTI SPA breached "golden power" rules by failing to disclose full shareholdings. The probe follows a shareholder vote on May 14 that replaced the yacht maker's long-term CEO; the change underscores the tensions between investors and management. Failure to report stakes above 3% allows the state to block ownership in companies with strategic defense assets.
