Ferretti Group has recently announced the entry of F Investments S.A., a holding company controlled by the Ferrari family, into the share capital of Ferretti by the acquisition of 13.2% of the share capital.

Mr. Piero Ferrari has been invited by Weichai Group to join the Board of Directors of Ferretti Group and will also continue to preside over the Product Development Committee that is responsible to direct the research, development and implementation of new products through all the Group’s brands.

“The year of 2015 has rewarded us with economic and financial results over the expectations and the Group has relaunched itself regaining leadership on several markets,” states Alberto Galassi, CEO of Ferretti Group. “Ferretti Group celebrates another important event. The entry through F Investments S.A. of a great Italian businessman in the share capital, a nautical expert that already has an active part in the Group’s growth: Mr. Piero Ferrari. He chose to invest in Ferretti Group and to share a challenging business plan with our main shareholder and the management.”

“Mr. Ferrari brings his great entrepreneurial skills by offering his capabilities of style and attention to detail and his international experience not only in the automotive industry, but also to one of the excellences in the nautical sector in Italy,” he concludes.

Source : http://www.superyachttimes.com/yacht-news/ferrari-family-invests-in-ferretti-group/