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SEPTEMBER 14, 2005

Mediobanca to sell Ferrari stake?

Mediobanca, Italy's most influential investment bank, says that it is going to sell almost $1bn worth of assets in order to turn itself into more of a banking group. Mediobanca has stakes in some of Italy's most powerful companies, including Fiat, Ferrari, insurer Generali and Telecom Italia, the telecoms giant, as well as the RCS media firm, Finmeccanica, Italy's leading defence and aerospace company and Ciments Francais, a French cement producer. It is not yet clear whether the Ferrari stake will be put up for sale.