Exor plans to sell a stake of about 4% in the Italian luxury sports-car maker, in a bid to pursue a sizeable acquisition and launch a share buyback.

The Agnelli family sold a €3 billion ($3.14 billion) stake in Ferrari NV to fund what it calls a “sizeable new acquisition” and stock buyback.

Billionaire families sold $7B in shares amid market volatility, including stakes in Ferrari, Keurig Dr Pepper, and British American Tobacco.

The stake sale comes as the family looks at a “sizable” new acquisition for diversification of their investments along with a ...

Exor NV is offering a 4% stake in luxury carmaker Ferrari NV. Exor, an investment vehicle for Italy’s Agnelli family, is looking to sell seven million shares, according to a statement Wednesday. The ...

Italy’s Agnelli family holding company, Exor, said it planned to sell a 4 per cent stake in luxury sports car group Ferrari to pursue new acquisitions and launch a share buyback.

Ferrari stock fell 8% in Milan after controlling shareholder Exor said it would sell shares worth roughly $3.1 billion. The ...

Italy's Agnelli family cut its controlling stake in Ferrari by around 4%, raising about 3 billion euros ($3.14 billion) to fund potential new M&A deals, its holding company Exor said on Thursday. The ...

However, after resigning alongside the rest of the board, Agnelli’s departure paved the way for Juventus’ parent company, ...

The holding company of Italy's powerful Agnelli family is selling part of its stake in Ferrari in a bid to raise billions of dollars to pursue a sizeable acquisition and launch a share buyback ...