Despite Listing On NYSE, Ferrari To Remain An Italian Company And Tax Resident

Jul 13, 2015 703

by Stephen Edelstein

Fiat Chrysler Automobiles [NYSE:FCAU] is set to spin off Ferrari, with plans to list it on the New York Stock Exchange later this year, but the legendary brand will remain an Italian company regardless of how the sale goes, FCA says.

While most shares will remain with current FCA shareholders, there are plans to offer some to the public through an initial public offering (IPO), after which Ferrari shares will be listed on the New York Stock Exchange. 

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Source: http://www.motorauthority.com/

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