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FCA shareholders agree to part ways with Ferrari

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Fiat Chrysler Automobiles (FCA) has just issued a press release to announce that the resolution proposed to shareholders at the Company’s Extraordinary General Meeting held today in Amsterdam was passed. 

What it means is FCA will officially part ways with Ferrari. The transaction is expected to be carried out in early January 2016.

Not long ago, the exotic Italian automaker made its initial public offering at the stock exchanges, but on October 29th, FCA executives decided to let it go. 

FCA will consequently transfer all of the shares held by it in Ferrari N.V. (90% stake) to FE Interim B.V., a newly formed Dutch company. The latter will then issue shares to FCA’s shareholders.