ITALIAN SUPERYACHT COMPANY IS GOING PUBLIC – DESPITE BEING ACCUSED OF BREACHING EU LAW OVER THE IMPORTATION OF TEAK FROM MYANMAR

On 31 March, the Environmental Investigation Agency reported that the Ferretti Group, which boasts of using “the best quality standard of Burmese teak for teak decking”, is offering its shares on the Hong Kong stock exchange and hopes to raise as much as €200 million.  Ferretti Group was one of several Italian traders exposed in an EIA report. 

https://eia-international.org/news/superyacht-firm-eia-exposed-for-myanmar-teak-imports-floats-on-hong-kong-stock-exchange/

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017