Agnieszka's Feed
Aug 14, 2015

Fiat Chrysler has fuel left in tank after Ferrari spin-off

MILAN (Reuters) – A recovering European car market, improving margins and well-received new models could underpin Fiat Chrysler Automobiles (FCHA.MI: Quote, Profile, Research, Stock Buzz) shares even after the spin-off of luxury brand Ferrari, when some analysts predict a reversal for the stock.

Shares in the world’s seventh-largest carmaker have been rising since the start of last year, fueled by hopes that a full takeover of U.S. unit Chrysler and a listing of the merged group on Wall Street could deliver a long-promised turnaround.

Aug 11, 2015

ChemChina, Camfin launch tender offer for rest of Pirelli

MILAN, Aug 11 (Reuters) – An investment vehicle controlled
by China National Chemical Corp (ChemChina) has launched a
mandatory tender offer for the remaining shares in Pirelli
after taking control of the Italian tyremaker through
a deal struck in March.

ChemChina in March agreed to become the majority owner of
the world’s fifth-largest tyre manufacturer as part of a 7.3
billion euro ($8 billion) deal, putting one of Italy’s oldest
household names in Chinese hands.

Aug 3, 2015

Italy’s Exor wins battle to buy PartnerRe for $6.9 bln

MILAN, Aug 3 (Reuters) – Investment group Exor,
which controls carmaker Fiat Chrysler , said
on Monday it had signed a deal to buy PartnerRe for $6.9
billion, ending a prolonged battle for the reinsurer against a
rival bid from Axis Capital.

Exor, the investment vehicle of Italy’s Agnelli family,
wants to branch out into financial services with its steadier
and higher returns and limit its exposure to the more
capital-intensive and cyclical automotive sector.

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.