In home fca the spin-off plan prepared by CEO Sergio Marchionne continues. After Magneti Marelli, whose spin-off will probably take place in June, next year it could be the turn of Comau, another component manufacturing subsidiary of Fiat Chrysler.
It was the same who announced it Marchionne: "Comau is a beautiful company and we could possibly consider a spin-off, but not within the current year". The CEO of FCA then confirmed that the spin-off of Magneti Marelli it will not happen through an IPO on the Stock Exchange: "We distribute free shares to shareholders, but without listing as we did with Ferrari".
Analysts speculate that the same pattern as Magneti Marelli will be followed for Comau. If the latter has been valued at between five and seven billion, the value of Comau will certainly be around lower figures.
During the 2017, the components activities of the FCA universe – which include Magneti Marelli, Comau and Teksid – recorded revenues of 10,1 billion euros, with an EBIT of 536 million.
For more precise information, we will have to wait until new business planwhich will be released on June 2018st. What is certain is that next year the Italian-American group will be awaited by important challenges. As Marchionne recalled, interviewed by journalists in Geneva at the end of the assembly of SGS (Swiss certification company of which he is president): "Until the end of the plan, nothing will happen: in XNUMX there will be no news on the M&A front".
On the sidelines of the shareholders' meeting Marchionne, who will remain CEO of Ferrari even at the end of his tenure at FCA in the spring of 2019, he firmly reiterated that the brand Fiat will never be for sale: “The Koreans (there is talk of an interest in the Hyundai-Kia, ed) they are interested in everything, but we have never spoken to them. Fiat has a great future, but a very specialized one. With the 500 brand it can stay in Europe”.
