Earlier this year, Shandong Heavy Industry Group of China bought 75% of Ferretti, a builder of luxury yachts that had previously bounced between banks and private-equity funds.

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Earlier this year, Shandong Heavy Industry Group, best known for its bulldozers, took a 75% stake in luxury Italian yacht maker Ferretti, which also makes Riva and Pershing yachts.

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Ferretti will continue to operate from Italy, where it builds most of its yachts (it also has a facility in Miami).

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