Market Chatter: Stellantis, Ferrari Chairman John Elkann's Bid to Exclude Mother From Estate Rejected by Swiss Court

MT Newswires Live04-08

Stellantis (STLA) and Ferrari (RACE) Chairman John Elkann, an heir to the Fiat automotive fortune, lost a Swiss court case to assert control over a long-running family inheritance matter, Bloomberg reported Wednesday.

The dispute pits Elkann and his siblings against their mother, Margherita Agnelli, the report said.

The court rejected a request to remove Agnelli from the Fiat estate, Agnelli's lawyers reportedly said.

Bloomberg said the case is part of a struggle over control of Exor, led by Chief Executive Elkann and the biggest shareholder in Stellantis and Ferrari.

Exor did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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