Italian yacht maker Ferretti (HKG:9638) on Friday said it was not in talks with the Italian Sea Group or its major shareholders on a potential acquisition, but did not outright deny it was weighing an offer.
A Bloomberg report on Thursday said the firm was weighing a deal to purchase all or some of some of Italian Sea Group's assets and had held discussions with advisers on a possible approach.
Responding to the media report, Ferretti said no negotiations were underway. However, the company noted that it "continuously evaluates and assesses potential opportunities that may arise in the market."
In its own report, Bloomberg said the deliberations were at an early stage and that there was no certainty it would lead to an offer.