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March 29, 1989

MERGER BETWEEN CIFER AND FERRARI

By CBR Staff Writer

Following the announced merger between the publicly-quoted Oxford-based computer services company Cifer Plc and the private services and distribution company Ferrari Group Ltd of Egham, Surrey (CI No 1,098), dealings in Ferrari Holdings Plc began this week on the Unlisted Securities Market with the enlarged group valued at UKP19.2m: it is intended that the merger will increase both Cifer and Ferraris’ ability to expand through acquisition, while reducing the new holding company’s dependence on any single activity – it will also generate additional business through a pooling of resources, as well as widening the two companies’ customer base; the enlarged group will be organised into the four business areas of distribution and wholesaling, marketing and services, display manufacturing and design, and, last but not least, logistics.

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