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jeudi 3 décembre 2015

FCA shareholders will vote spin-off of Ferrari

At a meeting in Amsterdam, Fiat Chrysler shareholders will vote on the spin-off of Ferrari and the distribution of FCA's remaining stake in the luxury unit among the parent's investors. The vote will formalize the separation of the unit, due to happen at the start of 2016, and establish Fiat's founding Agnelli family as Ferrari's top shareholder. The separation will also boost Fiat Chrysler's coffers as it seeks to reduce its heavy debt pile before attempting again to merge with bigger U.S. rival GM. Both FCA CEO Sergio Marchionne and Chairman John Elkann will be in attendance, so investors will seek fresh comments on merger plans, China weakness, and product delays.

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