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Fiat Chrysler Automobiles NV plans to spin off the Ferrari super-car brand and raise $2.5 billion in a mandatory convertible bond as the Italian-American carmaker counters surging debt.
FCA will list 10 percent of Ferrari and distribute the unit’s remaining stock to its own investors, the company that was formed from the merger of Italy’s Fiat and U.S. automaker Chrysler.
http://www.autonews.com/article/201...n-off-10-of-ferrari-raise-cash-as-debt-surges
FCA will list 10 percent of Ferrari and distribute the unit’s remaining stock to its own investors, the company that was formed from the merger of Italy’s Fiat and U.S. automaker Chrysler.
http://www.autonews.com/article/201...n-off-10-of-ferrari-raise-cash-as-debt-surges