Agnieszka's Feed
Jul 30, 2015

Fiat Chrysler reports robust quarter, narrows gap with U.S. rivals

MILAN/DETROIT, July 30 (Reuters) – Fiat Chrysler Automobiles
(FCA) on Thursday reported robust second-quarter
earnings and better margins in North America as charging higher
prices for its vehicles helped it gain ground on more profitable
U.S. rivals.

Milan-listed shares of the world’s seventh-largest carmaker
closed up 5.8 percent, and were up 5.3 percent in New York at
$15.30.

Jul 29, 2015

Exclusive: PartnerRe open to acquisition talks with Exor – sources

By Mike Stone and Agnieszka Flak

(Reuters) – PartnerRe Ltd (PRE.N: Quote, Profile, Research, Stock Buzz), the reinsurance company that has a $6.6 billion merger agreement with Axis Capital Holdings (AXS.N: Quote, Profile, Research, Stock Buzz), is now willing to negotiate a new deal with rival suitor Exor SpA (EXOR.MI: Quote, Profile, Research, Stock Buzz), according to people familiar with the matter.

This would be the first time that Bermuda-based PartnerRe negotiates a potential merger with Exor since the Italian investment company, which also controls Fiat Chrysler Automobiles NV (FCHA.MI: Quote, Profile, Research, Stock Buzz), initially offered $130 per share for PartnerRe in April. Since then, Exor has increased its offer several times and is now offering $6.7 billion for PartnerRe.

Jul 29, 2015

PartnerRe open to acquisition talks with Exor -sources

July 29 (Reuters) – PartnerRe Ltd, the reinsurance
company that has a $6.6 billion merger agreement with Axis
Capital Holdings, is now willing to negotiate a new deal
with rival suitor Exor SpA, according to people
familiar with the matter.

This would be the first time that Bermuda-based PartnerRe
negotiates a potential merger with Exor since the Italian
investment company, which also controls Fiat Chrysler
Automobiles NV, initially offered $130 per share for
PartnerRe in April. Since then, Exor has increased its offer
several times and is now offering $6.7 billion for PartnerRe.

Jul 23, 2015

Luxury sportscar maker Ferrari files for New York listing

MILAN, July 23 (Reuters) – Italian sportscar maker Ferrari
has taken a step closer to a stock market listing in New York,
as its parent Fiat Chrysler Automobiles (FCA)
seeks to boost its own coffers to fund an ambitious 48 billion
euro ($53 billion)investment plan.

FCA said on Thursday Ferrari, the marque famous for its
“prancing horse” logo and its Formula One racing team, had filed
a request with U.S. regulators for a New York initial public
offering.

Jul 17, 2015

Exclusive: Fiat Chrysler exploring $3.3 billion sale of auto parts unit Magneti Marelli

LONDON/MILAN (Reuters) – Fiat Chrysler Automobiles (FCA) (FCHA.MI: Quote, Profile, Research, Stock Buzz) is considering whether to sell its auto parts maker Magneti Marelli after receiving interest from potential buyers, according to sources familiar with the matter.

At least two U.S. private equity funds are looking to team up with industry players and submit joint bids for Magneti Marelli, which supplies all major carmakers in Europe, the Americas and Asia, three sources told Reuters.    

Jul 17, 2015

Exclusive – Fiat Chrysler exploring $3.3 bln sale of auto parts unit Magneti Marelli: sources

LONDON/MILAN (Reuters) – Fiat Chrysler Automobiles (FCA) is considering whether to sell its auto parts maker Magneti Marelli after receiving interest from potential buyers, according to sources familiar with the matter.

    At least two U.S. private equity funds are looking to team up with industry players and submit joint bids for Magneti Marelli, which supplies all major carmakers in Europe, the Americas and Asia, three sources told Reuters.    

Jul 17, 2015

Exclusive – Fiat Chrysler exploring 3 billion euro sale of auto parts unit Magneti Marelli – sources

LONDON/MILAN (Reuters) – Fiat Chrysler Automobiles (FCA) is considering whether to sell its auto parts maker Magneti Marelli after receiving interest from potential buyers, according to sources familiar with the matter.

    At least two U.S. private equity funds are looking to team up with industry players and submit joint bids for Magneti Marelli, which supplies all major carmakers in Europe, the Americas and Asia, three sources told Reuters.    

Jul 17, 2015

Fiat Chrysler exploring $3.3 bln sale of auto parts unit Magneti Marelli -sources

LONDON/MILAN, July 17 (Reuters) – Fiat Chrysler Automobiles
(FCA) is considering whether to sell its auto parts
maker Magneti Marelli after receiving interest from potential
buyers, according to sources familiar with the matter.

At least two U.S. private equity funds are looking to team
up with industry players and submit joint bids for Magneti
Marelli, which supplies all major carmakers in Europe, the
Americas and Asia, three sources told Reuters.

Jul 9, 2015

Russia’s efforts to bypass Ukraine gas route stall as Saipem deal aborted

MOSCOW/MILAN, July 9 (Reuters) – Russia’s plans to drop
Ukraine eventually as a route for piping its natural gas to
Europe have hit a snag after Russian gas exporter Gazprom
called off a deal with Italy’s Saipem to
build a subsea link to Turkey.

Russia has long sought to circumnavigate Ukraine to pipe its
gas to Europe because of pricing disagreements, which have led
to disruptions in supplies to the European Union.

Jun 28, 2015

Insight – Slowboat to China: No quick fix for luxury yacht firm Ferretti

SARNICO, Italy/SINGAPORE (Reuters) – When Chinese industrial conglomerate Weichai Group snapped up cash-strapped Italian luxury yacht builder Ferretti in 2012, the deal looked like a match made in heaven.

Debt-laden Ferretti, known for the elegant Riva speedboats favoured by film star Sophia Loren, was the world’s top maker of large motor yachts and cash-rich Weichai saw an opportunity to offer luxury leisure to the growing ranks of Chinese billionaires.