| 19.11.2010 - Fiat buys back Ferrari stake from Abu Dhabi's sovereign wealth fund news |
| From Domain-b.com: Mubadala Development Co, one of the investment vehicles of Abu Dhabi's sovereign wealth fund, has sold back its 5 per cent stake in sports-car maker Ferrari SpA to Italian carmaker Fiat Group SpA. Fiat, which owns a majority stake in Ferrari, exercised an option that gave it the right to buy back the stake that Mubadala had acquired in 2005 from Mediobanca, Italy's largest investment bank for €114 million..............................................Full Article: Source |