Ferrari Faces Investor Concerns After Major Shareholder Exor Sells €3 Billion in Stocks

On Thursday, Ferrari NV experienced a significant 7% drop in its stock value. This downturn came after Exor NV, a major shareholder, disclosed its plan to sell approximately 7 million shares, accounting for 4% of Ferrari's total shares. The transaction, valued at €3 billion, is set to be finalized on March 3, 2025.

Exor Remains a Dominant Force in Ferrari Despite Share Sale

Despite the sale, Exor will continue to hold a substantial stake in Ferrari, retaining 20% of the economic rights and 30% of the voting rights. However, this move has sparked concerns among investors regarding potential changes in Ferrari's ownership structure. In a bid to reassure stakeholders, Exor has committed to a 360-day lock-up period for its remaining shares.

Market Reaction

Following the announcement, Ferrari's stock price fell by 7.74% at 10:14 am CET, settling at €445.70 per share. This reaction underscores the market's sensitivity to shifts in ownership and the perceived stability of major shareholders.