After saying the its expects Chrysler IPO later in 2011, Fiat and Chrysler Group CEO Sergio Marchionne also said today that the Italian manufacturer will return to its historical 90 percent stake in Ferrari.
Minutes later, Marchionne confused the press by saying that he does not exclude a possible Ferrari initial public offering before 2014. Regarding Fiat’s stake in Ferrari, the Italian manufacturer currently owns a 85 percent of Ferrari. This stake is a result of three actions. Back in 1969, Fiat bought a percent stake in Ferrari and a call option to buy the rest of 50 percent after Enzo Ferrari dies.
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