Fiat CEO says conditions not right for Ferrari IPO

Newswire

MILAN, Feb 27 (Reuters) - Fiat's chief executive said on Friday that conditions were not right for an initial public offering of high-price sportscar maker Ferrari, adding the flotation would be put back. "There aren't the conditions today, we must delay it," said Giuseppe Morchio in a press conference. "When the conditions are right, we'll consider it." Bankers have named Ferrari as one of a group of Italian household brands, also including fashion house Prada, expected to resurrect IPO ...

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