After Williams announced plans to float on the stock exchange late last week, a rival team could be set to follow suit having been considering a similar move for some time.

According to Pitpass, Ferrari first considered floating on the stock exchange as early as 2004, with Piero Ferrari revealing that the company could float 'within twelve months'.

While that move never happened, senior financial sources have now told the website's business editor that an announcement could be made that Ferrari will float on the stock exchange prior to the launch of the 2011 F1 machine this Friday.

Should such a move be made, it would come only a matter of months after Fiat bought back shares in Ferrari from the investment firm Mubadala in a deal worth more than 120 million Euros.

Company profits have increased noticeably over the past twelve months thanks to an increase in sales and the reduced costs involved in F1, making Ferrari a more attractive option to investors if it was to enter the stock market.

Comments

Join the conversation - Add your comment

Please login or register to add your comment