Fiat to float Ferrari stake as part of capital shake-up

By Andrew Griffin
30 Oct 2014

Fiat Chrysler Automobiles, formed after a merger earlier in the month, is set to float a stake in luxury brand Ferrari as part of a shake-up of the firm.

FCA will spin-off its 90% holding in Ferrari by floating 10% of the firm with 80% distributed to FCA shareholders. It is also planning to raise fresh equity capital, selling up to 100m common shares including 35m held in treasury. That would raise over $1bn at Thursday's share ...

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