Biglari Holdings acquired 3.4% stake in yacht maker Ferretti Group

MILAN, March 12 (Reuters) - U.S investment company Biglari Holdings BHa.N said on Thursday it had acquired a 3.4% stake in Ferretti Group YACHT.MI, as Czech investment group KKCG prepares to launch a partial tender offer on the Italian yacht maker.

Biglari Holdings, founded by entrepreneur Sardar Biglari, has a diversified portfolio of investments, from energy group Abraxas Petroleum Corporation to restaurant chain Steak in Shake.

"Ferretti Group represents a unique platform in the luxury yachting sector, and Biglari Holdings is proud to hold an investment in the company", the U.S. company said in an emailed statement, without providing further details.

Earlier this year, KKCG launched an offer worth up to 182 million euros ($210.37 million) to double its 14.5% stake in Ferretti and push for changes to the board, whose members were selected by Chinese top investor Weichai.

The offer will start on March 16.

($1 = 0.8651 euros)