What is the new Ferrari shareholder agreement?

Exor and Piero Ferrari renewed their agreement to coordinate on shareholder matters and share transfers for Ferrari.

How long is the renewed Ferrari agreement valid?

The agreement is extended until January 4, 2029, with an option for a further three-year renewal.

What percentage of Ferrari do Exor and Piero Ferrari control?

Together, Exor and Piero Ferrari hold over 48% of Ferrari's voting rights.

Home / Business and Economy / Agnelli & Ferrari Ink 10-Year Shareholder Pact

Agnelli & Ferrari Ink 10-Year Shareholder Pact

4 Jan

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Summary

Exor and Piero Ferrari renewed their shareholder agreement.
The deal extends their coordination on Ferrari shareholder matters.
They hold over 48% of voting rights in Ferrari.

Agnelli & Ferrari Ink 10-Year Shareholder Pact

Exor, the Agnelli family's investment company, and Piero Ferrari, son of the founder, have committed to a renewed shareholder agreement for the renowned Italian sportscar manufacturer. This significant pact extends their collaborative efforts in managing the company's future direction.

The agreement, originally set to expire, has been formally extended through January 4, 2029. It includes an automatic renewal clause for an additional three years, unless either party opts out. This ensures a stable and coordinated approach to decisions affecting Ferrari.

This renewed collaboration solidifies the partnership between Exor, which holds a 20% stake, and Piero Ferrari, the second-largest shareholder with 10.6%. Combined, they command over 48% of Ferrari's voting rights, reinforcing their influence over the company's strategic direction.