Mergers: Commission clears acquisition of joint control over Ferrari Financial Services AG by Fiat Chrysler Automotive Bank and Ferrari Financial Services S.p.A.


Economy - published on 03 August 2016


https://www.trevisobellunosystem.com/tvsys/img/notizie/eu_commissione_europea.jpg
Source: European Commission Spokesperson’s Service
The European Commission has approved under the EU Merger Regulation the acquisition of joint control over Ferrari Financial Services AG of Germany by Fiat Chrysler Automotive Bank and Ferrari
Financial Services S.p.A., both of Italy. Ferrari Financial Services AG offers financing solutions for Ferrari passenger cars to private and corporate customers in Belgium, France, Germany,
Switzerland and the UK.
Fiat Chrysler Automotive offers several types of financing and insurance products for passenger cars and light commercial vehicles, mainly from the Fiat and Chrysler group in several European
Economic Area countries. Ferrari Financial Services S.p.A. is a holding company, ultimately controlled by Ferrari. Its operational activities are limited to financing Ferrari cars for a small
number of customers in Italy.
The Commission concluded that the proposed acquisition would raise no competition concerns because of the limited combined market shares resulting from the transaction and the presence of many
alternative suppliers offering automotive financing. The transaction was examined under the simplified EU merger review procedure

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