In the realm of maritime luxury, the quest to offer yacht charter guests the perfect night's sleep has become an art form, one which luxury bed and linen supplier, CC Design, has fully committed to.
Ferretti Group is in negotiations to acquire sailing superyacht yard Wally Yachts in a multi-million Euro deal, according to reports in Italy.
Leading financial newspaper Corriere della Sera has outlined the proposed acquisition, suggesting that it would require a bid in the region of €25-30 million for Ferretti Group to be successful in completing a take over of the Monte Carlo-based company.
The investment would represent Ferretti Group’s debut in the sailing market, a key move in the business’s long-term strategy. If completed, the deal would see Wally Yachts join Ferretti Group’s impressive portfolio of brands, which includes Ferretti, Pershing, Itama, Mochi Craft, Riva, CRN and Custom Line.
Alberto Galassi, Ferretti CEO, confirmed to the newspaper that talks between he and Wally Yachts founder Luca Bassani have been ongoing for “months” after an extensive hunt for a yard producing maxi yachts.
He noted, “We have been in negotiations for months. We strongly believe in this acquisition, because the brand is extraordinary and in strong synergy with the other brands of Ferretti Group - but it is a very complicated operation.
“The agreement could be signed by beginning of next year, if all the necessary conditions are reached.”
The news is expected to be officially announced in September at the Cannes Yachting Festival.
For more information, visit Ferretti Group. Follow Yachting Pages on Facebook and Twitter to join the conversation.
In the realm of maritime luxury, the quest to offer yacht charter guests the perfect night's sleep has become an art form, one which luxury bed and linen supplier, CC Design, has fully committed to.
A jacket completes any crew member's uniform so it's an important garment to get right. In this Tried & Tested, Sea Design pits eight popular jackets against one another to determine which one is best for superyacht crew in 2023.
iAQUA creates high-performance, technologically advanced underwater scooters. In this Tried & Tested, a team of experienced testers have rated and reviewed the AquaDart Pro and AquaDart Nano series to reveal the stand-out iAQUA sea scooter.
Gleistein, an industrial family-run business in Bremen, Germany, is gearing up for a momentous occasion as it marks its ...
In the wake of ongoing attacks on merchant shipping in the Gulf of Aden and Red Sea, maritime authorities are urging pri...
Search our industry-leading directory for over 20,000 superyacht suppliers, providers and marinas.
Search now