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The public offering of Ferrari as a separate corporation may provide $1.1 billion to Fiat Chrysler, according to CEO Sergio Marchionne, as quoted by Bloomberg News.
The $11 billion figure is for all of Ferrari, and is based on Mr. Marchionne’s valuation.10% of Ferrari will remain in the hands of Piero Ferrari, the son of the founder, and 80% will be given to FCA stockholders.
FCA as a whole is currently valued at $18.4 billion (based on theprice of one share of stock, $14.29, times the number of outstanding shares). That leaves the former Chrysler and Fiat groups at $7.4 billion, assuming Mr. Marchionne’svalue for Ferrari, a company with a respected and valuable name but only 7,000 car sales per year, is accurate. (...) →
Ferrari Sale: $1.1 Billion to FCA? is from Allpar News.
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The $11 billion figure is for all of Ferrari, and is based on Mr. Marchionne’s valuation.10% of Ferrari will remain in the hands of Piero Ferrari, the son of the founder, and 80% will be given to FCA stockholders.
FCA as a whole is currently valued at $18.4 billion (based on theprice of one share of stock, $14.29, times the number of outstanding shares). That leaves the former Chrysler and Fiat groups at $7.4 billion, assuming Mr. Marchionne’svalue for Ferrari, a company with a respected and valuable name but only 7,000 car sales per year, is accurate. (...) →
Ferrari Sale: $1.1 Billion to FCA? is from Allpar News.
More...