Wednesday, June 15, 2011

Fiat: IPO for Ferrari?

During the presentation of the official launch of the Fiat Freemont Palare you return to the possibility that Ferrari is publicly traded. "There is nothing sure yet: for now is just an option we are considering carefully," said Sergio Marchionne. The Fiat Group controls 90% of the company's Maranello is not the first time you talk about Ferrari's IPO, which would ensure the Lingotto resources to continue to climb in Chrysler and investment necessary to produce new car models.

Marchionne's strategy is clear: to be reached to hold 52% of the House of Michgan enable Fiat to lay hands on any gain that extra cash in the American union UAW (United Auto Workers) from the sale of its stake in Chysler in If its listing on Wall Street. But it is precisely this operation that, de facto, exclude hypo Ferrari because there would be no immediate need for liquidity.

If the Detroit giant would not be quoted Marchionne and wanted to continue the growth within the company, then here is that 39% stake in Ferrari could end up on the stock market, with Fiat still in possession of an absolute majority. The Italian-Canadian manager concluded by saying that an eventual listing of Chrysler in 2011 will not happen anyway, perhaps by opening the possibility of a quicker landing of Ferrari stock.

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