Shandong Heavy buys Italian luxury yacht maker

China's Shandong Heavy Industry-Weichai pays €374 million for a controlling interest in luxury yacht maker Ferretti.
<div style="text-align: left;">
Ferretti's top-of-the-range Altura 840
</div>
<div style="text-align: left;"> Ferretti's top-of-the-range Altura 840 </div>

China’s hunger for acquisitions abroad continues unabated. Yesterday, Shandong Heavy Industry-Weichai announced it was buying a controlling interest in the world’s biggest luxury yacht maker, Italy’s Ferretti.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media