Companies / Italy
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Fiat Ready To Reclaim Ferrari
June 2006 | Company Finance AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Italian carmaker Fiat is in a position to consider buying back a stake in supercar brand Ferrari, after returning to profitability in 2005. The company sold off a 34% interest in Ferrari to Mediobanca in 2002 as its finances took a turn for the worst, culminating in a EUR1.5bn loss in 2004.