Italian yacht manufacturer Ferretti is
close to obtaining €80 million worth of new credit lines, €30-40
million of which will be used for leasing arrangements.
The Italian daily Il Sole 24 Ore
reported that Ferretti and Mediobanca Group have both subscribed to
a €85 million capital increase as well as a €80 million expansion
of new credit lines.
reported that Ferretti and Mediobanca Group have both subscribed to
a €85 million capital increase as well as a €80 million expansion
of new credit lines.
The company’s management, led by its CEO,
Norberto Ferretti, will invest €70 million, and Mediobanca will
provide the remaining amount. Together, they will jointly control
45 percent of the yacht builder.
Norberto Ferretti, will invest €70 million, and Mediobanca will
provide the remaining amount. Together, they will jointly control
45 percent of the yacht builder.
The yacht leasing sector is considerable –
from 2003 to 2008, leasing companies financed around €8 billion of
yachts in Europe. According to statistics from the 48th
International Boat Show, held in Genoa last year, leasing is also
the preferred option for more than 80 percent of people who decide
to purchase a boat or a yacht.
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