{"id":844553,"date":"2025-04-29T21:12:38","date_gmt":"2025-04-30T02:12:38","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/29\/the-agnelli-family-sells-4-of-their-ferrari-stock\/"},"modified":"2025-04-29T21:12:38","modified_gmt":"2025-04-30T02:12:38","slug":"the-agnelli-family-sells-4-of-their-ferrari-stock","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/29\/the-agnelli-family-sells-4-of-their-ferrari-stock\/","title":{"rendered":"The Agnelli Family Sells 4% Of Their Ferrari Stock"},"content":{"rendered":"
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The Agnelli family\u2019s Italian holding company, Exor, plans to sell a 4 percent stake in luxury sports car group Ferrari to continue new acquisitions and launch a share buyback.<\/p>\n

Exor\u2019s net worth peaked at around \u20ac42 billion last year, with Ferrari contributing around half of that amount.<\/p>\n

The holding company said it plans to raise around 3 billion euros in an accelerated process of building book value and will use the proceeds for a \u201csignificant new acquisition\u201d and a share buyback of 1 billion euros.<\/p>\n

Exor\u2019s portfolio has been refocused over the past two decades through divestments and debt reduction. It is now aiming to diversify its investments, the statement said.<\/p>\n

Ferrari\u2019s share price hit a record high of 483 euros this week. Earlier this month, the group announced that its revenues rose almost 12 percent year-on-year, with total sales of more than 13,700 units.<\/p>\n

\"Ferrari<\/p>\n

<\/amp-img>\"Ferrari<\/amp-img><\/p>\n