IBS North America
International Business Strategy

In Milan, the brand of Cavallino jumped upwards up to 33,68 Euros (+ 7.9%), after the spread of the news of the input financier George Soros in the capital of the company.

According to reports, Soros would already joined Ferrari with 850,000 shares, representing 0.45% of total capital.

The stake, worth around 28 million euros ($31.2 million), is a sign of support for Ferrari, which is controlled by the Agnelli family and Piero Ferrari, the son of founder Enzo. The carmaker has battled analyst skepticism about its prospects as a stand-alone company following the full spinoff from Fiat Chrysler Automobiles NVat the beginning of 2016.