Published bi IBI News
According to the website "Just days after Italy's Ferretti Group defaulted on a loan repayment with The Royal Bank of Scotland, UK private equity owner Candover and senior Ferretti management have offered to inject €100m (US$130m) into the company in order retain control of the business.
Ferretti defaulted on its debt repayment back in January following a drop in new orders, an increase in cancellations and a slowdown in payments on yachts under construction. Separately the company has informed certain suppliers that it will halt production of some lines for 10 weeks in response to the slowdown.
Private equity house Candover acquired Ferretti in 2006 for €1.7bn"
MANGUSTA YACHT CHARTER
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Showing posts with label Pershing. Show all posts
Showing posts with label Pershing. Show all posts
Wednesday, February 4, 2009
Thursday, January 22, 2009
A new Italian CEO fo Pershing...
Paolo Favilla has been appointed new CEO of Pershing S.p.A., a brand of Ferretti S.p.A.
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