
Legendary carmaker Ferrari said on Monday it was seeking a share listing on the Milan stock exchange, a month after roaring onto Wall Street.
The nine percent of shares in Ferrari placed by the Fiat Chrysler Automobiles (FCA) in October will be quoted in both New York and Milan once the Italian listing goes ahead, it said.
The Wall Street sale on October 21 valued Ferrari at $10.6 billion (10 billion euros).
Fiat Chrysler owned 90 percent of Ferrari before that flotation.
With a heavy debt level and a plan to invest $48 billion to expand its total worldwide sales to seven million vehicles per year, Fiat Chrysler hopes to strengthen its finances by eventually spinning off more of the sports car maker.
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:23 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 16:34 2018 Tuesday ,13 November
Amazon announces new headquarters in New York and WashingtonGMT 16:51 2018 Monday ,12 November
Egypt's exports to Nile basin countries reached EGP 19.9 bln in 2017: CAPMASGMT 08:11 2018 Friday ,09 November
Kaspersky Lab CEO suggests replacing cybersecurity with 'cyber-immunity'GMT 14:00 2018 Thursday ,08 November
Namibian enterprise endeavours to seize opportunities at China import expoMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor