[lam]

Fiat Chrysler Automobiles said Wednesday it will spin off sports car maker Ferrari into a separate company.Fiat Chrysler said on Wednesday it would spin off luxury carmaker Ferrari and list a 10 percent stake(IPO) on the market as it seeks to raise funding for its ambitious 48-billion euro ($61 billion) growth plan.

The world's seventh-largest carmaker said the board had mandated its management to complete the spin-off next year. It said the remaining 90 percent would be distributed among FCA shareholders - who include the Agnelli family which founded Fiat.

http://news.yahoo.com/fiat-chrysler-spin-off-sports-130712556.html;_ylt=A0LEV0KU7VBUCC0ALNlXNyoA

http://news.yahoo.com/fiat-chrysler...3--finance.html;_ylt=A0LEV0KU7VBUCC0ALtlXNyoA

http://news.yahoo.com/fiat-chrysler-says-spin-off-ferrari-list-10-131851643--finance.html;_ylt=A0LEV0KU7VBUCC0ALtlXNyoA

So now 4 Automakers will now have Shares on the NYSE(Ford,GM,Fiat-Chrysler,Ferrari), the question is how long will Ferrari be standalone before somebody makes an offer (like VW, or Tata to combine with Jaguar/Land Rover)?

 

[Dequindre]

Dang, I guess Ferarri is American now.

 

[Ruperts Trooper]

Dang, I guess Ferarri is American now.

Only 10% - and then it depends who buys them on NYSE, it's an international exchange!

Reading the detail, only FCA shares will be sold - those held by Piero Ferrari and the Agnelli family aren't being sold. This will halve FCA's holding in Ferrari.

 

[web_captain]

More explanations coming from this italian website (here transgoogled)
https://translate.google.com/transl...puo-galoppare-liberamente/&edit-text=&act=url

At Milan stock exchange, see here for Fiat Chrysler Automobiles = = > +12.79%
http://finanza-mercati.ilsole24ore....-completo/listino-completo.php?livello1ID=206