Ferretti Group, Kkcg Maritime requests at shareholders' meeting to block Weichai's vote or postpone the assembly pending regulatory checks

Kkcg Maritime intervened at the Ferretti Group shareholders' meeting, called for 14 May in Milan for the renewal of the Board of Directors, formally requesting that the voting rights of Ferretti International Holding, the subsidiary of Chinese shareholder Weichai, be blocked for its entire stake in the company. As a subordinate request, Kkcg Maritime asked that the meeting be postponed to a date after the completion of ongoing checks by the competent authorities.

The request follows a complaint filed on 11 May by Kkcg Maritime with the Presidency of the Council of Ministers, copied to Consob (Italy's financial markets regulator) and to Ferretti, alleging a possible violation of Golden Power regulations by Weichai.

Golden Power is the legal framework that allows the Italian government to exercise special powers over corporate transactions involving assets considered strategic to national interest.

(Source: ANSA)

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