What stock exchange is mentioned where Ferrari shares will be sold?
Fiat Chrysler to Make Public Offer for 10% of Ferrari
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Fiat Chrysler plans to spin off its luxury Ferrari unit, initially selling a 10% stake in a public offering and distributing the remaining shares to Fiat Chrysler shareholders. CEO Sergio Marchione has been rapidly executing this plan, including the recent IPO of FCA on the New York Stock Exchange. The news has positively impacted Fiat Chrysler's stock performance in Milan.
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How did Fiat Chrysler shares react to the news of the spin-off?
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