Ferrari in alliance with Abu Dhabi

Thread Tools
 
Search this Thread
 
Old 08-01-2005 | 02:20 PM
  #1  
gavriil's Avatar
Thread Starter
Moderator Alumnus
 
Joined: Oct 2000
Posts: 16,399
Likes: 8
From: Washington DC (NOVA)
Ferrari in alliance with Abu Dhabi

Ferrari in alliance with Abu Dhabi - - Source: Autocar


Mubdala, an investment company owned by the Abu Dhabi government, has purchased a five percent stake in Ferrari from Mediobanca. The stake was bought for the sum of 114 million EUR, approximately £78.5 million. This agreement will ensure Mudabala an Internal Rate of Return of at least 10 per cent.

Ferrari has claimed this move will open up several opportunities for developing strategies in the Middle East and North African markets. Ferrari Chairman Luca di Montezemolo stated this week, “Our initial consideration will range from the creation and development of road and racing car testing initiatives, along with professional driving schools through to the leveraging of opportunities around brand experiences and merchandising.”

Old 08-01-2005 | 02:21 PM
  #2  
gavriil's Avatar
Thread Starter
Moderator Alumnus
 
Joined: Oct 2000
Posts: 16,399
Likes: 8
From: Washington DC (NOVA)
Hmmm..
Old 08-01-2005 | 09:50 PM
  #3  
Loseit's Avatar
Changin bulbs since '73
iTrader: (1)
 
Joined: Dec 2001
Posts: 8,111
Likes: 12
From: Chi-town burbs
That's ok, half of what comes out of there factories go there anyways. The Arabs probably figured if the own a piece they can get there cars exactly how they want them.
Old 08-01-2005 | 10:08 PM
  #4  
Dan Martin's Avatar
Photography Nerd
 
Joined: Sep 2003
Posts: 21,489
Likes: 11
From: Toronto
Originally Posted by Loseit
That's ok, half of what comes out of there factories go there anyways. The Arabs probably figured if the own a piece they can get there cars exactly how they want them.
Like this: http://www.boingboing.net/2002/08/24...tion_wago.html
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
F-C
Motorsports News
28
09-25-2019 07:40 AM
F-C
Motorsports News
33
08-22-2018 09:53 AM
F-C
Motorsports News
14
09-28-2015 12:54 PM
Chief F1 Fan
Motorsports News
8
09-03-2002 03:05 PM



Quick Reply: Ferrari in alliance with Abu Dhabi



All times are GMT -5. The time now is 09:41 AM.