|
FCA
sold 10 percent of Ferrari in an initial public offering in
October and will distribute its remaining 80 percent in the
maker of supercars such as the 1 million-euro LaFerrari to FCA
shareholders once the unit is spun off at the start of January.
Piero Ferrari, son of the founder Enzo, holds another 10 percent
stake.
"This separation will better enable the company to realize its
full potential .... Ferrari will be able to pursue its business
strategies with grater operational and financial independence,"
FCA Chief Executive and Ferrari Chairman Sergio Marchionne said
in his opening remarks.
He added that a separation of other brands from the group was
"highly improbable" in the near term.
(Reporting by Agnieszka Flak)
[© 2015 Thomson Reuters. All rights
reserved.] Copyright 2015 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
