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Italy Regulator Probes Ferretti Asset Values
14 Sep
Summary
- Italy's securities regulator requested information from Ferretti.
- The probe concerns the yachtmaker's assessment of asset values.
- Ferretti recently cut its annual financial outlook.
Italian securities regulator Consob has requested detailed information from yachtmaker Ferretti SpA regarding its asset value assessments. This inquiry, detailed in a September 10 letter, was prompted by Ferretti's recent decision to lower its annual financial outlook. Consob specifically seeks the analytical basis for Ferretti's conclusion that no adjustments were necessary for its asset values, despite the revised projections. The regulator aims to ensure transparency and proper valuation practices within the company following the announcement of a reduced financial forecast.
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