Ferrari head office in the Netherlands and then listing. Marchionne: “The … – Il Sole 24 Ore

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This article was published on July 3, 2015 at 18:53.
The last change is the July 3, 2015 at 19:53.

TURIN – “Ferrari will quote on the stock market probably the Dutch holding company, with tax residence in the UK. A structure similar to that of Fca ‘. He said Sergio Marchionne, CEO of Fca and president of Ferrari, at the launch of the Nuova 500 in Turin. The future leader of the Dutch Ferrari will be born by the current Fiat Chrysler Automobiles NV, which is headquartered in the Netherlands and tax domicile to London. Marchionne added that “as in the case of Fca, will remain the Italian Ferrari will continue to pay taxes in Italy.”

As for the possible assessment on the Stock Exchange of Cavallino, that assessment expects Marchionne? It will reach 10 billion euro for 100% of which has been discussed? He gets along with a joke: “Minimum, and the maximum depends on the market.” More seriously, “there are expectations of some kind on our part, the market is what it is; let the market decide the price. The fact that we are selling only 10% of the capital will give the title a value linked to the shortage. ”

However, the programs “do not change” in relation to the current time of market turbulence, which saw yesterday the actions Fca lose 1% to 12.81 euro, having fallen to half sitting the lowest level since mid-February.
Emigration holding Ferrari in the Netherlands, as well as that of Fca, has a symbolic value? “It is symbolic of the fact that the countries will need capacity to adapt to what is happening internationally. The fact that we had to do all these steps means that we have to facilitate the conduct of the companies. Italy has to do it, “said Marchionne.

The sales results in June confirmed the good time of Fca in the US and Europe, while Brazil continues to suffer. In May, the balance of sales was more or less equal in respect to 2014, while the target in 2015 provide for an increase of 200 to 400 thousand units. “I think – said the CEO – that the end of the third quarter of South America will recover. And then, what matters are the numbers finanzari, the operating result. “

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