JUNE 27, 2002
Ferrari to go to the banks rather than the markets?
Reports in Italy are suggesting that Fiat may not float Ferrari as had been announced because of the fears that the market would not respond well to an IPO at the moment.
According to the reports in Italian media the offer of such a deal came from Mediobanca, which is already a Ferrari shareholder, controlling a three percent share of the company which it has controlled since 1996.