Fiat Chrysler Shareholders Approve Ferrari Demerger
Less than two months after its successful IPO of 10% of Ferrari(RACE), Fiat Chrysler(FCAU) took a major step forward towards the spinoff of its remaining 80% stake yesterday. At the company’s Extraordinary General Meeting of shareholders, the transaction was approved. It is expected that the company will complete the spinoff in January 2016. The EGM approved a demerger… Read More »