Ferretti Group has acquired a production site of more than 70,000 square metres in San Vitale, a province of Ravenna in northeastern Italy, for a total value of €80 million. It is understood that part of the site has been purchased from Rosetti Superyachts.
The acquisition encompasses an initial €40 million investment and a further €40 million sum which will be invested over the next three years. During that time, the yard will also begin construction on new production areas and an R&D centre to accompany the site's existing facilities, which includes a dry dock.
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