mediobanca

Fiat is increasing its stake in Ferrari, buying back the shares it sold to Italian investment bank Mediobanca during Fiat's financial troubles in 2002. The Turin-based auto conglomerate is the undisputed Don of the Italian car business, controlling Ferrari, Maserati, Alfa Romeo, Lancia, Iveco and ...

Fiat CEO Sergio Marchionne has confirmed that Fiat intends to exercise its option to repurchase most of the Ferrari stake it sold in 2002 to a consortium of banks led by Mediobanca. Fiat originally sold 34 percent of Ferrari to the consortium, which in turn sold a 5 percent stake in 2005 to an ...