Do you want to buy Ferrari? Not a Ferrari, but Ferrari itself. Now is your chance.
Fiat Chrysler has announced that it will offer a 10 percent stake in Ferrari as parts of its ambition to raise funding for its $61 billion growth plan.
In a statement, Fiat Chrysler CEO Sergio Marchionne said, “As we move forward to secure the 2014-2018 Business Plan and work toward maximizing the value of our businesses to our shareholders, it is proper that we pursue separate paths for FCA and Ferrari.”
In addition to offering a 10 state in the iconic carmaker, the remaining 90 percent will be distributed among FCA shareholders. Among these shareholders are the Agnelli family that founded Fiat.
Fiat Chrysler indicated that it expects the Ferrari shares to be listed in the U.S. and possibly a European exchange. So, if you have ever dreamed of what you would do if you owned Ferrari, break the piggy bank and look through the sofa cushions because now is your chance.