Ferretti completes acquisition of the Wally brand, reaches 100% ownership of Sea Lion

Ferretti S.p.A. announces it has completed the purchase of the remaining 25% of the share capital of Sea Lion S.r.l., the company that owns the prestigious nautical brand “Wally”. With this transaction, Ferretti fully consolidates its ownership, bringing its stake to 100%. Sea Lion was already 75% controlled by the Ferretti Group, under the agreements signed on April 5, 2019, with founder Luca Bassani Antivari.

The full acquisition of Sea Lion, achieved within a relationship of cooperation and mutual respect with Luca Bassani Antivari, allows the Ferretti Group to further strengthen its position in the recreational boating sector, both sailing and motor, through one of its most strategic and internationally recognized brands.

The CEO of Ferretti Group, Alberto Galassi, commented:
"I would like to thank Luca Bassani for the excellent work carried out together with the Ferretti Group, which has allowed Wally to be relaunched as a global icon in both sailing and motor yachting. On behalf of the Group, I renew our commitment to enhancing and further developing a brand that, for its innovation and prestige, is a key player in the international yachting sector. You will hear more about Wally very soon."

Luca Bassani Antivari, founder of Wally, expressed his satisfaction with the decision to entrust the future development of the brand to the Ferretti Group:
"I am very pleased to have chosen the Ferretti Group to continue developing the Wally brand, with its heritage of innovation and elegance, a brand to which I have dedicated so much work and passion."

This acquisition represents a fundamental step in Ferretti Group’s long-term strategy aimed at enhancing assets with the highest growth potential. The transaction does not have a significant impact on the Group’s financial position and does not constitute a related-party transaction under applicable regulations.

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