Ferrari share price rises on George Soros stake disclosure
Shares in Ferrari have gone into overdrive, rising more than five per cent after it was revealed George Soros owns a stake in the luxury car maker.
The billionaire's fund disclosed a €28m (£21.8m) stake which places him among Ferrari's top 10 shareholders, according to Bloomberg analysis.
The biggest shareholders in Ferrari are the Agnelli family and Piero Ferrari, the son of namesake founder Enzo, who hold 34 per cent and 50 per cent voting rights.
Agnelli owned Fiat Chrysler spun off its remaining stake in the firm in January to shareholders after an earlier float of the company on the New York Stock Exchange.
Ferrari shares were up nearly three per cent in New York in pre-market trading.