Ferrari NV Faces Investor Concerns After Major Share Sale

Ferrari NV's stock experienced a significant 7% drop on Thursday, following the announcement by Exor NV, a major shareholder, of its decision to sell approximately 7 million shares, representing 4% of Ferrari's total shares. This move, part of an "accelerated bookbuild offering," is set to conclude on March 3, 2025, and has raised eyebrows among investors regarding potential shifts in the company's ownership structure.

Despite Exor remaining Ferrari's largest shareholder with 20% of the economic rights and 30% of the voting rights, the sale has sparked concerns. Exor has also committed to a 360-day lock-up period for its remaining shares, aiming to stabilize the market's reaction to this significant transaction.

By 10:14 am CET, Ferrari's stock had decreased by 7.74%, with shares trading at €445.70 each, reflecting the immediate impact of Exor's announcement on the market's confidence in Ferrari's stock.