Italian bank Mediobanca SpA along with several other investors, purchase just under 35% of Ferrari SpA, which is 90% controlled by Fiat Auto SpA. Published reports indicate the investors paid €870 million ($845 million) for the stake. Fiat earlier said it planned to list up to 40% of its controlling interest in Ferrari by the end of this year on the Milan stock exchange to help offset its €6.6 billion ($6.4 billion) debt load. If the value Mediobanca paid for its equity is any ...
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