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Wednesday, 29 October 2014

Fiat Chrysler to spin off Ferrari, issue $2.5 billion convertible bond

A logo is seen on a new Ferrari Berlinette car displayed on media day at the Paris Mondial de l'Automobile By Agnieszka Flak MILAN (Reuters) - Fiat Chrysler Automobiles (FCA) said on Wednesday it will spin off its luxury sports car maker Ferrari and list the shares as part of a bigger scheme which includes a $2.5 billion convertible bond issue to help fund its ambitious business plan. ...








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