Word: agnellis
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...while no one was looking. His announcement last week that he had acquired an 18.6% share (market value: more than $300 million) largely through his Paris-based holding company, Cerus, prompted hurrahs in Italy's financial community. "It was a brilliant operation, a theatrical coup," said Fiat Chairman Giovanni Agnelli, and Italian newspapers bannered triumphant headlines like DE BENEDETTI, KING OF BELGIUM. But the cross-border bid stirred far noisier wails of protest across Belgium. "Financial piracy!" declared La Generale's chief, Rene Lamy. GENERALE UNDER THE ITALIAN BOOT, screamed a headline...
...Federal Home Loan Bank Board. Gerald Parsky, a Los Angeles lawyer who served as Assistant Treasury Secretary under Simon, is his old boss's general partner and contributes his initials to the company's anagrammatic name. A select group of international investors, including Italy's Fiat-making Agnelli family, has pledged $225 million in capital...
During his visit to Italy, Jaruzelski also met with Italian Prime Minister Bettino Craxi and Fiat Chairman Giovanni Agnelli. The very fact of the meetings was a victory for Jaruzelski, who is striving to end Poland's isolation and re-establish financial ties with the West...
...nearly a year, Fiat Chairman Gianni Agnelli has been trying to rid Europe's largest private automaker of an unwanted partner: the government of Libyan Strongman Muammar Gaddafi. In 1976 Libya purchased a 15% share of the then troubled company for $320 million and won two seats on Fiat's 15-member board. After Fiat executed a successful turnaround to become Europe's best- selling automaker, the Tripoli government refused to part with its shares. Last week Libya, presumably strapped for cash by low oil prices, handed over its shares for a handsome $3 billion. Two of the buyers, West...
...strategic alliances with foreign carmakers have multiplied during the past decade because of intensifying global competition. The major U.S. automakers have jointly produced autos with Japanese, British, French and German companies in order to share new technology and enter lucrative foreign markets. But until recently, notes Fiat Chairman Gianni Agnelli, "Italy is the only car-producing country in Europe where Detroit has seldom been...