(Alliance News) - Exor, Piero Ferrari, and the Piero Ferrari Trust have renewed their shareholders' agreement on Ferrari, reaffirming their strategic alignment regarding the Prancing Horse.
As reported by Milano Finanza, the new pact will come into effect upon the expiration of the current one on January 4, 2026, will last for three years until 2029, and will be automatically renewable.
The agreement includes consultation mechanisms for shareholders' decisions and pre-emption rights in the event of share transfers.
The pact secures approximately 32% of the share capital and 48% of voting rights: Exor holds 21.2% of the capital and 32.2% of the votes, while Piero Ferrari owns 10.6% of the capital and 16% of the voting rights.
Furthermore, in an interview with Global Finance, Ferrari CEO Benedetto Vigna emphasized that leading the company requires balancing innovation and tradition, always putting people at the center.
The new five-year strategy confirms that targets have been met ahead of schedule, sets a minimum threshold for revenues and margins through 2030, and underscores a strong commitment to sustainability.
Growth in the coming years will be driven mainly by Sports Cars, with around EUR2 billion in expected revenues thanks to a richer product mix and customizations, also supported by the opening of new Tailor Made centers in Tokyo and Los Angeles.
Ferrari, Vigna concludes, remains a unique brand for its combination of heritage, technology, and racing, with strong and resilient demand despite macroeconomic uncertainty.
By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter
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