Ferretti International Holding (FIH), the Ferretti shipyard's controlling shareholder, has announced that it will not participate in the voluntary, partial, and conditional takeover bid launched by KKCG Maritime, a wholly-owned subsidiary of the Swiss KKCG group founded by Czech entrepreneur Karel Komárek. Nevertheless, FIH reaffirmed its unwavering confidence in the company's long-term strategy, industrial fundamentals, and growth prospects. On Monday, KKCG Maritime announced its offer to Ferretti shareholders at a price of €3.50 per share, a value broadly in line with the stock’s opening price on the Italian Stock Exchange today, compared with yesterday’s closing price of €3.828, and with yesterday’s closing price in Hong Kong of HK$34 (€3.72) and today’s opening of HK$35.2 on the Hong Kong Stock Exchange. KKCG Maritime's stated objective is to exercise its voting rights to support the election of proposed candidates for the Board of Directors at Ferretti's next Annual General Meeting and to increase its interest from 14.5% to 29.9% of the capital.