Ferrari denies plans for market listing

luxury sports carmaker and Formula One constructor Ferrari has no plans to list the company for at least several years, chairman Luca Cordero di Montezemolo said yesterday.

“There are no current plans (to list the company). Perhaps in three, four or five years. There is no project now. Maybe there never will be,” he said on the sidelines of a meeting with the foreign media.

Analysts late last year speculated that Fiat, which owns 85 per cent of Ferrari, was considering a separate listing.

Fiat said at the time that the analysts’ reports represented only “some” of the strategic options available to the company.

Ferrari is based in Modena, Italy.

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