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Sovereign Wealth Funds Briefing - Categorized | Investment

Abu Dhabi firm sells back 5 pct Ferrari stake

Posted on 15 November 2010

From Forbes: An Abu Dhabi state investment company says it will sell back its 5 percent stake in Ferrari but hopes to continue working with the high-powered Italian automaker. Mubadala Development Company confirmed the plans in a statement Sunday as the season-ending Abu Dhabi Grand Prix was getting under way in the Emirati capital.
The investment firm said Ferrari’s parent Fiat exercised an option that gave it the right to buy back the stake Mubadala acquired in 2005. It says it’s “in discussions to complete the transaction.”………………………………………Full Article: Source


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