The Board of directors of Ferretti S.p.A. announces it has refused the purchase of its controlled company Pershing S.p.A.

Category    

Date     March 4 2010

Forlì, 4th March 2010 – The Board of Directors of Ferretti S.p.A. announces it has refused the purchase offer received on 3rd February for its controlled company Pershing S.p.A.. This decision was made after considering the brand’s strategic importance, the significance of the Mondolfo production facility and the technical and human value of the people working there, in order to achieve the aims set down in the Industrial Plan for relaunching the Group.

The Chairman of Pershing S.p.A., Attilio Antonelli, not in agreement with this choice, has decided to hand in his resignation. The Ferretti S.p.A. and Pershing S.p.A. Boards of Directors have regretfully accepted his decision.
On behalf of the entire Group, Chairman Norberto Ferretti and CEO Salvatore Basile wish to thank Tilli Antonelli for his work over the years, and wish him all the very best for the future.