Sunday, May 8, 2011

Ferrari: a possible control by Exor under the wing of the Lambs?

As anticipated by the authoritative newspaper Sole24Ore "it seems that Fiat is considering seriously the possibility of creating a separate management for Ferrari. The scenario that we envisage would be very similar to what happened recently to the Fiat Industrial section. In fact, Fiat has now Industrial activities completely separate from those that are in the field strictly automotive.

That said, we can say that Ferrari will remain under the control of Exor, namely the financial Agnelli. Another maneuver Exor was to disclose in a press official of the objectives of the commercial rights of Formula 1, and then an additional step that makes us realize that something big is moving within the Group.

We now need to understand if this spin-off Ferrari Fiat to suit the eve of the merger with Chrysler, since the value of Maranello is around 5 billion euro. Another problem concerns the percentage of Fiat's Ferrari that, contrary to what has happened with Fiat Industrial, Why are 90% the remaining 10% is by Piero Ferrari, so either you or share repurchases that you enter into a shareholders agreement that remains above 30%.

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