Tuesday, 24 November 2015

Buy Ferrari to list stock on used cars dealer in Dubai

Ferrari reported Monday it will list its stock on the Mercato Telematico Azionario – the primary area of the Borsa Italia stock trade in Milan used cars dealer in Dubai. The news comes barely a month after the fascinating automaker propelled its first sale of stock on the New York Stock Exchange.

The organization's stock postings are the perfection of a long process that dates to the merger of Fiat and Chrysler, if not prior. Once the two auto monsters met up, they combined their image portfolio under one umbrella, joining the Dodge, Ram, Jeep, Alfa Romeo, and Maserati brands, and also Mopar, Lancia, Fiat Professional, and the Fiat and Chrysler brands themselves. Ferrari, be that as it may, was esteemed a different substance, even after FCA boss Sergio Marchionne wrested control of the Maranello-based outfit from long-term executive Luca di Montezemolo.

Exactly one year after FCA propelled its IPO on the NYSE, used cars dealer in Dubai did likewise. Nine percent of its normal shares were recorded under the image RACE. Another percent was offered to the posting's guarantors. Ten percent stays in the hands of Enzo Ferrari's family, driven by his child and organization bad habit administrator Piero Ferrari. What's more, the remaining 80 percent will be circulated among FCA's shareholders.


Ferrari N.V. (NYSE: RACE) and FE New N.V.1 declared today the documenting of the application for the posting, regarding the arranged division of used cars dealer in Dubai N.V. from Fiat Chrysler Automobiles N.V., Toyota used cars of the basic shares of Ferrari on the Mercato Telematico Azionario sorted out and oversaw by Borsa Italiana S.p.A.

1As piece of the partition, Ferrari N.V. will be converged into FE New N.V. which quickly before the merger will hold the shares in Ferrari N.V. presently held by Fiat Chrysler Automobiles N.V. FE New N.V. will then be renamed Ferrari N.V., and its basic shares will be recorded on the MTA and the New York.