|
|
|
FERRETTI GROUP:
AGREEMENT SIGNED WITH INDUSTRIAL AND COMMERCIAL BANK OF CHINA
- This agreement, beside guaranteeing a financial support to the medium-long term growth projects of Ferretti Group, envisages the start up of a strategic partnership dedicated to the customers of the Group for the purchase of motoryachts
Forlì, 12 October 2012 - The Ferretti Group, a world leader in the design, construction and sale of motoryachts, encompassing a unique portfolio of some of the most exclusive and prestigious brands in the nautical world, announces the signing of a Memorandum of Understanding with Industrial and Commercial Bank of China (ICBC), the first Chinese credit institute and the major bank worldwide as for market capitalization.
This agreement, beside guaranteeing to Ferretti Group a financial support to the medium-long term growth projects, envisages the start up of a strategic partnership which will allow to all the customers of the Group to take advantage of the ICBC guarantee in the purchase process of a new motoryachts.
This agreement, the first of this kind ever signed in the nautical sector between an Italian company and a Chinese bank, is of major importance, since it represents the farsighted choice made by the Ferretti Group in setting a partnership with its new majority shareholder, Weichai Group, one of the main foreign investors in Italy. Weichai Group boosted this agreement, representing a fundamental guarantee of greater strengthening and stability in such a complex moment from the macro-economic and access to credit points of view.
ICBC has already granted to the Ferretti Group more than 200 million euro credit lines.This recently signed agreement aims at further guarantee and support the growth of the Group, which can confirm its expansion projects at a global level thanks to the support of Wheichai and to its new financial soundness.
|
The Ferretti Group
The Ferretti Group is one of the leading world players in the design, construction and sale of motor yachts, with a unique portfolio of eight exclusive, prestigious brands having distinctive and yet strongly complementary features: Ferretti Yachts, Pershing, Itama, Bertram, Riva, Mochi Craft, CRN and Ferretti Custom Line. Established in 1968 by Norberto Ferretti, currently Honorary Chairman, and led by Chairman Tan Xuguang and CEO Ferruccio Rossi, the Group can boast modern production centres in Italy and in the USA, which combine industrial production efficiency with an unmatched quality of details, guaranteed by the traditional “Made in Italy” craftsmanship. The Group is also present in the USA through the subsidiary Company Ferretti Group America - which manages a network of points of sale specialising in the sale and marketing of the Group’s brands on the entire North American market - and in Asia, through a representative and promotion office in Shanghai. Moreover, a selected network of approximately 60 dealers guarantees the Ferretti Group’s presence in over 80 countries, thereby ensuring valued clients receive the very best assistance in marinas all over the world. The Group has always been at the very heights of the pleasure boating market thanks to constant product and process innovation and the continuous search for cutting-edge technological solutions. The extensive range of yachts on offer - flybridges, runabouts, open yachts, coupe yachts, lobster boats, fisherman yachts, maxi an mega-yachts - is designed by highly specialized technicians and engineers at the Advanced Yacht Technology research and design centre, which liaises with the Centro Stile Ferrettigroup, a skilful team of architects and designers who continuously search for aesthetic, functional and innovative solutions, consolidate and develop the internal know-how, and work in close cooperation with internationally renowned architects. For this reason all Ferretti Group crafts have always been characterised by outstanding quality, great safety and excellent performance at sea, as well as for their exclusive design and timeless charm which make them stand out in the boating sector worldwide.
|
For further information:
|
Ferretti Group
Gianpaolo Sacchini, Marco Cappeddu
Roberta Sabatini, Andrea Biondi
Tel.: + 39 0543 787511
|
Image Building
Simona Raffaelli, Alfredo Mele
Tel.: +39 02 89011300
|
|
|
|