Ferrari Stake Sale Pushes Europe Block Trades to 20-Year High
The Agnelli family's disposal of a €3 billion ($3.14 billion) stake in Ferrari NV has propelled European block sales to the strongest start to the year in two decades.
From billionaire clans to private equity firms and governments, investors have raised about $15.3 billion since the beginning of January via stake sales, according to data compiled by Bloomberg. This rush to dispose of often long-held investments comes as Europe's stock benchmark has its best start to the year since 2019, outperforming US counterparts.
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New York Times
20 minutes ago
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Business Insider
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Yahoo
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