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>>> Chinese construction firm buys Ferretti: SHIG—Weichai Group takes control of luxury yacht manufacturer

Jan 11th, 2012 · Düsseldorf, Germany

Photo credit: Ferretti Yachts

Shandong Heavy Industry Group - Weichai Group announced that it has reached agreements with the major creditors of the world's largest luxury yacht maker, the Italian company Ferretti Group, to acquire a controlling interest in Ferretti by participating in Ferretti’s debt restructuring.

(more...)