Ferretti trying to restructure debt

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Ferretti S.p.A. is in negotiations to restructure the group’s debt, the company announced this week.

“The proposal would provide for an injection of new equity by some key managers of the Ferretti group … as well as the provision of new credit lines in favor of the group,” the company said in a statement. “Overall, the group’s indebtedness would be reduced.”

Under the proposed terms, Candover and Permira will not participate in the restructuring and will not be part of the shareholding structure going forward.

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