Exclusive: Yachtmaker Ferretti plans private share sale after scrapping IPO

By Elisa Anzolin and Stephen Jewkes MILAN (Reuters) - Italy's Ferretti plans to bring on board a European private investor after abandoning a planned stock market flotation, the yachtmaker's chief executive said on Thursday. Ferretti said it had decided to call off its initial public offering on the Milan stock exchange because it could not get the right pricing, confirming what a source had earlier told Reuters

The post Exclusive: Yachtmaker Ferretti plans private share sale after scrapping IPO appeared first on Firstpost.