Reported about 11 hours ago
The Agnelli family has sold a €3 billion stake in Ferrari NV while maintaining its status as the largest shareholder, owning approximately 30% of the voting rights. The sale, which represents about 4% of Ferrari's outstanding shares, was executed through an accelerated bookbuilding to institutional investors. The proceeds will be used for significant acquisitions and a €1 billion share buyback, signaling the family's ongoing commitment to Ferrari's future.
Source: YAHOO