MILAN, Jan 20 (Reuters) - Kuwaiti businessman Bader Nasser Al‑Kharafi said on Tuesday he had acquired a 3% stake in luxury yacht maker Ferretti, amid moves to reshape the Italian company's shareholder
Kuwaiti Investor Bader Al-Kharafi Acquires 3% Stake in Ferretti
Al-Kharafi's Investment in Ferretti
MILAN, Jan 20 (Reuters) - Kuwaiti businessman Bader Nasser Al‑Kharafi said on Tuesday he had acquired a 3% stake in luxury yacht maker Ferretti, amid moves to reshape the Italian company's shareholder base and board.
Details of the Acquisition
The deal, made through his investment vehicle BNK Holding, is part of a "broader strategy to build a global portfolio focused on high‑end assets and high‑quality companies", according to a press release.
Background on Bader Al-Kharafi
Al‑Kharafi is Chairman of Boursa Kuwait, CEO of telecoms company Zain Group and Deputy Chairman of Gulf Cables. He is also a shareholder and board member of Coca‑Cola Kuwait.
KKCG's Competing Offer
Czech investment group KKCG on Monday said it was launching a voluntary offer worth up to 182 million euros ($213.47 million) to double its stake in Italian yacht maker Ferretti and to push for boardroom changes.
($1 = 0.8526 euros)
(Reporting by Elisa Anzolin, editing by Giselda Vagnoni)
