Italian bank Mediobanca is forced to take back its 6.5% stake in Ferrari SpA previously sold to Lehman Brothers for E148.2 million ($145.4 million). Mediobanca now has a total 21.5% stake in the Italian sports car maker because the Bank of Italy took objection to the 6.5% share sale to Lehman Brothers. The Bank of Italy was not in agreement with a clause that would have allowed an option for Mediobanca to repurchase the shares in the future. Mediobanca says it still wants to reduce its ...
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