Mediobanca, investors buy 35 pct of Ferrari-report

Newswire

MILAN, June 25 (Reuters) - Italian bank Mediobanca and other investors have bought just under 35 percent of Ferrari ahead of a planned flotation of the racing and sports car group by parent Fiat , Borsa & Finanza reported on Tuesday. In a summary of a story sent to news agencies, Borsa & Finanza said the investors paid about 870 million euros for the stake, valuing Ferrari at about 2.5 billion euros. Ferrari is 90-percent owned by Fiat, which plans to list the carmaker and ...

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