Fiat Chrysler (:) Sees Ferrari Spinoff Valued At $11-B

Sergio Marchionne, CEO of Fiat Chrysler Automobiles NV (NYSE:FCAU), expects its Ferrari SpA Supercar maker unit to be valued “at least” at 10 billion euros ($11 billion) in an (initial public offering) scheduled this year.

“There are clear expectations from ourselves as Ferrari brand is unique,” Mr. Marchionne said Friday at the presentation of the new subcompact Fiat 500 in Turin, . “There is also a scarcity value as we are just selling a 10% stake.”

Fiat Chrysler announced plans last year to sell 10% of Ferrari and distribute its remaining 80% stake to Fiat Chrysler investors. Piero Ferrari, the son of founder Enzo Ferrari, also owns 10% and plans to keep his holding. Getting the most out of the listing is Key for Mr. Marchionne’s plans to fund a 48-B investment plan aimed at lifting Fiat Chrysler deliveries to 7-M cars by Y 2018.

 Fiat Chrysler shares have risen about 33 percent this year, boosting its capitalization to EUR 16.6-B. Valued at EUR10-B, Ferrari would represent about 60% of the value of the Fiat group.

Ferrari plans to on the as a Dutch holding with its fiscal residence in the UK, Mr. Marchionne said Friday. This would mirror the multi-national structure used for parent Fiat Chrysler..

Mr. Marchionne said that Ferrari could be listed in New York  on 13 October after the IPO was delayed for a tax issue.

SymbolLast DateChangeOpenHighLowVolume
NYSE:FCAU14.29 2 July 2015-0.3414.4814.514.144,272,600
Analysis for FCAU:OverallShortIntermediateLong
Neutral (-0.22)Bearish (-0.25)Bearish (-0.29)Neutral (-0.12)
Recent CandleStick Analysis
Very Bullish
DateCandle
  1 July 2015Homing Pigeon
30 June 2015Homing Pigeon
26 June 2015Homing Pigeon

Open Gaps: down, 2 July 2015 at 14.54 to 14.5, down 29 June 2015 at 15.57 to 14.9

Untitled fcau

 

Support and Resistance
TypeValueConf.
resist.17.062
resist.16.862
resist.16.616
resist.16.312
resist.15.7918
resist.15.1914
resist.14.892
resist.14.682
resist.14.522
resist.14.313
supp13.573
supp13.232
supp12.802
supp12.442
Chart Indicators
Ind.ShortInterLong
EMAVBeVBeVBe
MACDNBeN
RSIBe
TDDBe
FibsBeBuBe
HighsVBeVBeBu
LowsBeBuBu
TrendsNNN
Stoch.VBe
VBu=Very Bullish,    Bu=Bullish
N=Neutral
Be=Bearish,    VBe=Very Bearish

Have a terrific weekend.

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