No stock market float for Ferrari - Montezemolo

By on Tuesday, February 15, 2011

Feb.15 (GMM) Ferrari is not following Williams onto the stock market, the famous Italian marque's Luca di Montezemolo insists.

With Oxfordshire based Williams preparing to sell 27 per cent of its company on the Frankfurt exchange next month, rival team owner Peter Sauber said he didn't "understand the reasons" behind the decision.

And Reuters quotes Ferrari president Montezemolo as saying: "There are no current plans (to list Ferrari).

"Perhaps in three, four or five years. There is no project now. Maybe there never will be," he reportedly told foreign media.

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