Filed under: Etc., Europe, Earnings/Financials, Ferrari, Fiat
Despite the prophecies that many analysts made last year, it looks like neither
Fiat nor
Ferrari has any pressing interest in listing the supercar maker as a separate entity from its parent company. According to
Reuters, Ferrari CEO Luca Cordero di Montezemolo has said that there are no current plans to list the company, and that while such a project may crop up in the next four-to-five years, it's not something that's on the table at the moment. Montezemolo made the comments while speaking with foreign media, and he added that it's possible that Ferrari may never be listed at all.
Just last year, analysts predicted that Fiat was considering a separate listing for the Prancing Horse. Fiat currently owns about 85 percent of the Maranello-based automaker, though when the reports surfaced, the company said that a separate listing for Ferrari was only one of several different strategies that it was investigating at the time.
[Source:
Reuters | Image: Noah Joseph / AOL]
Reuters: Montezemolo denies plans for Ferrari listing originally appeared on Autoblog on Wed, 16 Feb 2011 14:31:00 EST. Please see our terms for use of feeds.
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16-02-2011, 10:40 PM
