Friday, March 18, 2011

Fiat goes back to 90% of Ferrari

Ferrari returns all Italian, with the transaction that has seen Fiat liquidate 5% of the investment fund Dubai, rising to 90% of the shares of the prancing horse brand. The operation, which took place on March 3 last year and decided during the course of last summer, was announced only hours and saw an outflow of 122.4 million euro.

In those circumstances, the total value of the Maranello - 2.4 billion - represents little more than a third of the total capitalization of the Fiat group, which is 6.4 billion. On landing on the Stock Exchange of Ferrari, the leadership will not lean and says that nothing has been decided: the company may be quoted on the Milan Stock between 3, 4 or 5 years or not ever go public.

On the latter point, although financial analysts believe that an outlet on the lists would be good for Ferrari operation, which very well may do as Fiat these days, which saw its shares climb 2.13% after the news the repossession of Ferrari shares. Meanwhile, in February the European Fiat registrations fell by 16.9% to 75,705 units sold, with a share as compared to the first 12 months rose from 9.4 to 7.7%.

Growing (up 21%) non-European markets, driven by Brazil and Turkey.

No comments:

Post a Comment