ITALY - Permira set to list Ferretti

Luxury yacht group Ferretti has confirmed that it will be returning to the Milan stock exchange this year. The IPO, which is likely to happen in the autumn, had been widely anticipated ever since it was purchased by private equity fund Permira and subsequently delisted in 2002. The initial share sale, which will include an increase in capital, is likely to account for 40%-45% of the group.