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Fiat Chrysler may sell more than 10% of Ferrari in New York IPO

2015-03-03 23:44:40| Automakers - Topix.net

GENEVA -- Fiat Chrysler Automobiles may sell a stake exceeding 10 percent when its Ferrari division holds an initial public offering this year, as more investors than expected seek a share of the supercar manufacturer. "The demand is much, much higher" than foreseen, CEO Sergio Marchionne told journalists Tuesday at the Geneva International Motor Show.

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Category:Automotive

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