Ferrari’s parent company Fiat has bought back a 5% stake it sold five years ago to Abu Dhabi investment company Mubadala.

It is believed that Fiat – which is the umbrella group for Ferrari, Alfa Romeo, Maserati and Lancia – bought back the Mubadala shareholding for a reported €122 million, according to the UAE-based The National newspaper.

With the buy-back taking Fiat’s shareholding in Ferrari back up to 90%, it is believed that the move ties with rumours that the Italian carmaker will consider selling  a sizeable chunk of its majority stake in Ferrari to a prospective buyer, possibly dropping its shareholding to as low as a controlling 51% share.

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Richard Bailey

Founder & Chief Editor at MotorsportM8
Hasn't missed a Grand Prix since 1989. Has a soft spot for Minardi. Tattooed with 35+ Grand Prix circuits.