(adds statements Marchionne, context) VENICE, June 5 ( Reuters) – Fiat Chrysler (Fca) refers to the placement of 10% of Ferrari, to be held in the third quarter of 2015, at the earliest on October 12. He said the CEO Sergio Marchionne, adding that it would remain at the helm of the group beyond 2018, if there was a consolidation process going on and if he was required. The CEO currently has a commitment with partner majority Exor to remain at the helm of Fca until 2018, then to complete the plan. Marchionne said on several occasions that the auto industry needs consolidation and Fca intends to be a player in this process. “The postponement of the IPO is a result of tax issues related to the address of Fca in the UK,” said the CEO Fca, today on the sidelines of the Venice Workshop Council for Relations between Italy and the United States. The placement Wall Street 10% of Ferrari is preparatory to the demerger of the company, which will result in the distribution of free shares to all shareholders Ferrari Fca. The actions Fca the Milan stock exchange closed down 3.3%. A Wall Street at 18.30 lost 2.8% to $ 15.62. ” The shares fall on delay IPO, which pushes forward in time a positive catalyst, “said Stuart Pearson, an analyst at Exane BNP Paribas. More …
No comments:
Post a Comment