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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Abu Dhabi SWF sells back 5pct Ferrari stake

Posted on 16 November 2010

From Brisbanetimes.com.au: Abu Dhabi state investment firm Mubadala Development Co said on Sunday it’s selling back its five per cent stake in Ferrari but hopes to continue working with the high-powered Italian automaker.
The investment fund is a sponsor of Ferrari’s Formula 1 team and has helped boost the high-end racing brand’s profile in the wealthy Emirati capital. It confirmed the plans following a local media report as the season-ending Abu Dhabi Grand Prix was getting under way in the Emirati capital……………………………………….Full Article: Source

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