Kkcg Articles

Czech billionaire Karel Komárek, through his 23 per cent holding vehicle, KKCG Maritime, has made a groundbreaking move in the yachting industry by taking Italian shipbuilder Ferretti to court. This legal action, focused on the annulment of recent decisions made at Ferretti’s May 14 AGM, signifies Komárek’s bid to shake up the corporate leadership of the renowned yacht manufacturer.

Filed at the Civil Court of Bologna, KKCG’s suit demands a halt to the implementation of the AGM resolutions, which include the appointment of a Weichai-backed board helmed by Tan Ning, as well as the promotion of Stassi Anastassov to CEO. KKCG contends that had Ferretti International Holding (FIH), through which Weichai holds a 39.5 per cent stake in Ferretti, not been allowed to vote under Italy’s Golden Power regime due to notification omissions, KKCG’s slate could have triumphed.