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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