SHARE THIS ARTICLE

Fiat Chrysler Automobiles estimates it will receive about 2.25 billion euros ($2.8 billion) from Ferrari before it spins off the supercar unit next year.

"Prior to the separation we also intend to enter into certain other transactions including distributions and transfers of cash from Ferrari currently estimated at 2.25 billion euros," FCA said today in a filing with U.S. regulators.

FCA CEO Sergio Marchionne, who is also Ferrari's chairman, plans to list 10 percent of Ferrari in the second or third quarter next year and distribute Fiat Chrysler's remaining 80 percent holding to the London-based company's own investors.



Read Article


Ferrari To Cut Chrysler $2.8 Billion Check Before Spinoff

About the Author

Agent009