Mediobanca and Fiat have agreed to postpone the expiry date on a put option that would have the Italian bank sell its stake in Ferrari to the automaker, a financial source told Reuters on Thursday.

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The date has been postponed from 30 June 30 September, the anonymous source told Reuters.


“It has been decided to postpone (it)…to give more time to Fiat to find a solution,” the source said.


Mediobanca and Fiat are in talks over the sale of an 11.7% stake in Ferrari, the luxury sports car maker, the news agency noted.

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