Permira to float Ferretti for €2bn

UK buyout firm Permira is preparing to float Ferretti, an Italian luxury yachtbuilder, for €2bn ($2.5bn), using a competitive initial public offering for the second time. The controversial system has been under investigation by the UK regulator.

The proposed flotation on the Italian stock market, which could take place by the autumn, follows last month's decision by Permira to list Hogg Robinson, a UK travel company.

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