Ferrari CEO: No plans for an IPO

Ferrari’s CEO Luca di Montezemolo has once again said that the company has no plans for an initial public offering.

“No, there is nothing on the agenda. And we are not planning anything,” Montezemolo said in an interview with Sueddeutsche Zeitung.

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“Fiat does not need any money at the moment, they are doing fine. If you ask me what will happen in 10 years: no idea. But at the moment it is not on the agenda,” he said.

– By: Omar Rana

Source: AutoNews