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DannyC
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FIAT CHRYSLER AUTOMOBILES - FCA Announces Board Intention to Spin Off Ferrari S.p.A
To view the document in .PDF format, click on: http://[email protected]:[email protected]/Public/90355_BIA29163_14348177.pdf
FCA Announces Board Intention to Spin Off Ferrari S.p.A.
PRESS RELEASE
The Board of Directors of Fiat Chrysler Automobiles N.V. (NYSE: FCAU) ("FCA") announced that in
connection with FCA's implementation of a capital plan appropriate to support the Group's long-term
success, it hasauthorized the separation of Ferrari S.p.A. ("Ferrari") from FCA. The separation will be
effected through a public offering of FCA's interest in Ferrari equal to 10% of Ferrari's outstanding shares
and a distributionof FCA's remaining Ferrari shares to FCA shareholders . The Board authorized FCA
management to take the steps necessary to complete these transactions during 2015. FCA expects that
the Ferrari shares will be listed inthe United States and possibly a European exchange.
"I am delighted to have taken this additional step in the development of FCA. Coupled with the recent
listing of FCA shares on the NYSE, the separation of Ferrariwill preserve the cherished Italian heritage
and unique position of the Ferrari business and allow FCA shareholders to continue to benefit from the
substantial value inherent in this business" said John Elkann,Chairman of FCA.
FCA CEO Sergio Marchionne added. "Following our acquisition of the minority interest in Chrysler earlier
this year, the transformation of Fiat and Chrysler into FCA was completed earlier this monthwith our
debut on the New York Stock Exchange. As we move forward to secure the 2014-2018 Business Plan
and work toward maximizing the value of our businesses to our shareholders, it is proper that we pursue
separate paths for FCA and Ferrari," Marchionne continued, "The Board supports management's
determination that this transaction represents FCA's best course of action to support the long term
success of theGroup while at the same time substantially strengthening FCA's capital base."
The spin-off of Ferrari will be subject to customary regulatory approvals, tax and legal considerations,
final approval of thetransaction structure from the FCA Board of Directors and other customary
requirements.
London, 29 October 2014
To view the document in .PDF format, click on: http://[email protected]:[email protected]/Public/90355_BIA29163_14348177.pdf
FCA Announces Board Intention to Spin Off Ferrari S.p.A.
PRESS RELEASE
The Board of Directors of Fiat Chrysler Automobiles N.V. (NYSE: FCAU) ("FCA") announced that in
connection with FCA's implementation of a capital plan appropriate to support the Group's long-term
success, it hasauthorized the separation of Ferrari S.p.A. ("Ferrari") from FCA. The separation will be
effected through a public offering of FCA's interest in Ferrari equal to 10% of Ferrari's outstanding shares
and a distributionof FCA's remaining Ferrari shares to FCA shareholders . The Board authorized FCA
management to take the steps necessary to complete these transactions during 2015. FCA expects that
the Ferrari shares will be listed inthe United States and possibly a European exchange.
"I am delighted to have taken this additional step in the development of FCA. Coupled with the recent
listing of FCA shares on the NYSE, the separation of Ferrariwill preserve the cherished Italian heritage
and unique position of the Ferrari business and allow FCA shareholders to continue to benefit from the
substantial value inherent in this business" said John Elkann,Chairman of FCA.
FCA CEO Sergio Marchionne added. "Following our acquisition of the minority interest in Chrysler earlier
this year, the transformation of Fiat and Chrysler into FCA was completed earlier this monthwith our
debut on the New York Stock Exchange. As we move forward to secure the 2014-2018 Business Plan
and work toward maximizing the value of our businesses to our shareholders, it is proper that we pursue
separate paths for FCA and Ferrari," Marchionne continued, "The Board supports management's
determination that this transaction represents FCA's best course of action to support the long term
success of theGroup while at the same time substantially strengthening FCA's capital base."
The spin-off of Ferrari will be subject to customary regulatory approvals, tax and legal considerations,
final approval of thetransaction structure from the FCA Board of Directors and other customary
requirements.
London, 29 October 2014
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SHORT FINE DI MONDO
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piotta
n'a piotta al dì
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fiat da 12% a 14% ellamadonna
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fiat dai rikkioni +13%
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vendo in blocco fiat rumene vediamo se me le comprano
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