Capital markets

The Shanghai Head Office of the People's Bank of China (“PBOC”) recently announced the approval of the registration of CRIF (Shanghai) Business Information Service Co., Ltd. as a business and credit information provider.

The affirmation of the rating reflects Ferrari’s healthy and resilient operating performance even during COVID-19 pandemic.

As a tangible sign of gratitude to all our colleagues who have worked hard in this difficult year, the decision was taken to dedicate a forest of over 200 trees to CRIF Global Technologies, to be planted in Tanzania, Kenya, Colombia, and Nepal.

This new issue is part of the Shelf Facility which provides the possibility of placing new issues up to a total value of USD 125 million, helping to support the EUR 350 million investment plan for the three-year period 2021-2023.

The note placement involves a 12-year amortization plan (6.5-year average life span) at a fixed interest rate.

FoolFarm is the first European Start-Up Studio specializing in Artificial Intelligence. The aim of the Start-Up Studio is to develop an innovative enterprise in a different way from that of traditional accelerators and incubators, through an original format of “Call for Ideas and Talents” known as Casty, similar to a television format, lasting three days and repeated every quarter.

CRIF, a global company specializing in business and credit information systems, and advanced digital solutions for business development and open banking, has invested in the Neva First Fund, the venture capital fund managed by Neva SGR, with the aim of supporting investments in innovative high-tech start-ups.