Fiat reportedly buys Ferrari stake back from Abu Dhabi
 

<p>Filed under: <a href="http://www.autoblog.com/category/earnings-financials/" rel="tag">Earnings/Financials</a>, <a href="http://www.autoblog.com/category/ferrari/" rel="tag">Ferrari</a>, <a href="http://www.autoblog.com/category/fiat/" rel="tag">Fiat</a>, <a href="http://www.autoblog.com/category/middle-east/" rel="tag">Middle East</a></p><a href="http://www.worldcarfans.com/110111429557/fiat-buys-back-ferrari-stake-from-abu-dhabi-company"><img hspace="0" border="1" vspace="4" src="http://www.blogcdn.com/www.autoblog.com/media/2010/11/100092abu.jpg" alt="" /></a><br />
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<a href="http://www.autoblog.com/make/ferrari">Ferrari</a> was undoubtedly disappointed with the results from <a href="http://www.autoblog.com/2010/11/14/2010-abu-dhabi-grand-prix-a-prince-is-crowned-king-in-the-emira/">this weekend's season-ending grand prix in Abu Dhabi</a>, but the Italian outfit may have left with a parting gift. One they had to pay for, anyway.<br />
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According to reports, parent company <a href="http://www.autoblog.com/category/fiat">Fiat</a> exercised a clause to re-acquire the five percent stake in Ferrari which the company sold five years ago to Abu Dhabi's state investment firm Mubadala. <br />
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The 122-million euro deal comes at an interesting time for a number of reasons. For one, the company <a href="http://www.autoblog.com/2010/10/27/ferrari-world-opening-day-images/">just opened</a> the Ferrari World theme park in the gulf emirate. For another, the news broke during the Abu Dhabi Grand Prix weekend itself. And finally, <a href="http://www.autoblog.com/2010/11/11/report-volkswagen-eying-ferrari-stake/">rumors</a> have been circling recently that Fiat could itself be preparing to sell as much as 49% of Ferrari in the near future. Could the buy-back be a preparatory step to such a sale? Only one way to find out, so we'll have to sit tight and see what develops.<br />
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[Source: <a href="http://www.worldcarfans.com/110111429557/fiat-buys-back-ferrari-stake-from-abu-dhabi-company">World Car Fans</a>]<p style="padding:5px;backgr ound:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2010/11/15/fiat-reportedly-buys-ferrari-stake-back-from-abu-dhabi/">Fiat reportedly buys Ferrari stake back from Abu Dhabi</a> originally appeared on <a href="http://www.autoblog.com">Autoblo g</a> on Mon, 15 Nov 2010 17:30:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href=http://www.worldcarfans.com/110111429557/fiat-buys-back-ferrari-stake-from-abu-dhabi-company>Read</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2010/11/15/fiat-reportedly-buys-ferrari-stake-back-from-abu-dhabi/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/19716096/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2010/11/15/fiat-reportedly-buys-ferrari-stake-back-from-abu-dhabi/#comments" title="View reader comments on this entry">Comments</a>

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