Enrico Carnemolla
Exor is presently Ferrari's biggest shareholder, holding 24.9% of the sports car manufacturer's common shares and 36.7% of the voting rights. After the agreement is complete, the Agnelli family will hold roughly 30% of the voting shares. The agreement is anticipated to finalize on March 3.
In light of the news, Ferrari's stock price dropped by 3.5%, resulting in a $3 billion reduction in its market capitalization.
Exor stated that divesting its stake in Ferrari will assist in generating capital for significant new investments, in addition to a €1 billion share repurchase initiative.
source: ft.com
In light of the news, Ferrari's stock price dropped by 3.5%, resulting in a $3 billion reduction in its market capitalization.
Exor stated that divesting its stake in Ferrari will assist in generating capital for significant new investments, in addition to a €1 billion share repurchase initiative.
source: ft.com
