Report: Marchionne admits Fiat may sell off Ferrari ahead of merger
 

<p>Filed under: <a href="http://www.autoblog.com/category/chrysler/" rel="tag">Chrysler</a>, <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></p><img hspace="0" border="0" vspace="4" src="http://www.blogcdn.com/www.autoblog.com/media/2010/10/marchionne-lean-hand-gesture.jpg" alt="Sergio Marchionne" /><br />
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<a href="http://www.autoblog.com/tag/sergio+marchionne/">Sergio Marchonne</a>, CEO of <a href="http://autoblog.com/category/fiat">Fiat</a> and the <a href="http://autoblog.com/make/chrysler">Chrysler</a> Group, has stated that he is looking to raise some cash ahead of the upcoming Fiat/Chrysler merger. One possible way to do this? Reduce its 90 percent ownership stake in <a href="http://www.autoblog.com/make/ferrari/">Ferrari</a> through an IPO. Fiat estimates that Ferrari is currently worth $3.3 billion, and offering stock in the Italian sports car manufacturer could generate some serious coin.<br />
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Earlier in 2010, Marchionne had stated a <a href="http://www.autoblog.com/2010/09/20/marchionne-pondering-ferrari-ipo/">Ferrari IPO was possible</a> but that he also wanted the automaker to revert to its traditional 90 percent ownership stake. After a <a href="http://www.autoblog.com/2010/11/15/fiat-reportedly-buys-ferrari-stake-back-from-abu-dhabi/">five percent stake purchase from Mubadala Development</a> company, it got the 90 percent ownership stake it was looking for yet talk of the initial public offering seems to contradict Marchionne's plans.<br />
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If the IPO does happen, we have a <a href="http://www.autoblog.com/2010/11/11/report-volkswagen-eying-ferrari-stake/">good idea who will be first in line</a> with a briefcase full of hundreds. <br />
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[Source: <a target="_blank" href="http://www.autonews.com/apps/pbcs.dll/article?AID=/20101115/COPY01/311159929/1193">Automotive News</a> - sub. req. | Image: Massimo Pinca/AP]<p style="padding:5px;backgr ound:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2010/11/16/report-marchionne-admits-fiat-may-sell-off-ferrari-ahead-of-mer/">Report: Marchionne admits Fiat may sell off Ferrari ahead of merger</a> originally appeared on <a href="http://www.autoblog.com">Autoblo g</a> on Tue, 16 Nov 2010 09:00:00 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.autonews.com/apps/pbcs.dll/article?AID=/20101115/COPY01/311159929/1193>Read</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2010/11/16/report-marchionne-admits-fiat-may-sell-off-ferrari-ahead-of-mer/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/19719110/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2010/11/16/report-marchionne-admits-fiat-may-sell-off-ferrari-ahead-of-mer/#comments" title="View reader comments on this entry">Comments</a>

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