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Public offering of ten percent of supercar maker Ferrari delayed by Fiat Chrysler Automobiles

2015-06-06 15:57:11| Automakers - Topix.net

Fiat Chrysler Automobiles CEO Sergio Marchionne says the public offering of 10 percent of supercar maker Ferrari will be delayed until the fourth quarter. Marchionne told reporters in Venice on Friday that the lawyers have advised that the IPO must wait for one year after the Fiat-Chrysler merger, which took effect on Oct. 12. A spokesman confirmed the remarks Saturday and said the period was defined by U.K. tax law.

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