Exor Press Release - ABO Launch
Portfolio Pulse from
Exor announced an accelerated bookbuild offering for approximately 4% of Ferrari's shares, raising around €3 billion. The proceeds will be used for diversification and a €1 billion share buyback program. Exor remains Ferrari's largest shareholder.
February 26, 2025 | 5:00 pm
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NEUTRAL IMPACT
Exor's sale of 4% of Ferrari shares will not affect Ferrari's governance, but may impact its stock price due to changes in shareholder composition.
While Exor remains Ferrari's largest shareholder, the sale of shares could lead to short-term stock price fluctuations due to changes in shareholder composition, though governance remains unchanged.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Exor is selling 4% of its Ferrari shares, raising €3 billion to diversify its portfolio and initiate a €1 billion share buyback program.
The sale of Ferrari shares will provide Exor with significant capital to diversify its portfolio and initiate a share buyback program, which is likely to positively impact Exor's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100