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 stake worth around €3 billion ($3.14 billion) in Ferrari NV, after the supercar maker’s value has risen more than 10 times since its initial public offering in the US.

Members of the Agnelli family, who have been likened to the Kennedys, have been bitterly fighting over assets bequeathed to them by former patriarch Gianni ... for €1.2 billion.

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. Exor NV, the investment vehicle of the Agnelli ...

The stake sale comes as the family looks at a “sizable” new acquisition for diversification of their investments along with a €1 billion share buyback. The Agnelli family of Italy ...

(MENAFN- The Rio Times) Exor, the investment arm of Italy's influential Agnelli family, has sold a 4% stake in Ferrari, raising approximately €3 billion ($3.15 billion). This move aims to ...

The world’s largest iron-ore producer, Brazil’s Vale will double investments in Mozambique to 4 billion US dollars in the next four years, said on Monday Chief Executive Officer Roger Agnelli.

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 ...

(Bloomberg) -- The Agnelli family sold a stake worth around €3 billion ($3.14 billion) in Ferrari NV, after the supercar maker’s value has risen more than 10 times since its initial public offering in ...