FCA has sold a 10% stake in Ferrari for US$980m. As a result, 10% of the shares are now listed, 10% are controlled by the Ferrari family, and the remaining 80%, which are currently owned by FCA, will be passed to FCA’s shareholders at a later stage. As a result, the producer of luxury sports vehicles will not receive a single dime but FCA has received almost €900m of cash.
25 Oct 2015
Ferrari lists at €5.30 per FCA share
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Ferrari lists at €5.30 per FCA share
Stellantis N.V. (STLA:WBO) | 0 0 0.3% | Mkt Cap: 34,343m
- Published:
25 Oct 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2
FCA has sold a 10% stake in Ferrari for US$980m. As a result, 10% of the shares are now listed, 10% are controlled by the Ferrari family, and the remaining 80%, which are currently owned by FCA, will be passed to FCA’s shareholders at a later stage. As a result, the producer of luxury sports vehicles will not receive a single dime but FCA has received almost €900m of cash.