UPDATE 3-Mediobanca sells 5 pct of Ferrari to Abu Dhabi firm

Newswire

(Adds background on Mubadala, quote) MILAN, July 27 (Reuters) - Mediobanca agreed to sell 5 percent of Ferrari to an investment firm owned by the Abu Dhabi government on Wednesday, part of a plan to lighten its stake in the Italian sports car maker. Mediobanca currently owns 15 percent of Ferrari, part of a stake it bought in 2002 to help pump funds into its owner Fiat , which was then in the depths of crisis. Mediobanca said it would sell the stake to the Mubadala Development Company ...

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