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Fiat May Do Ferrari IPO to Fund Chrysler Purchase, Corriere Says

Fiat SpA may sell shares of Ferrari SpA in an initial public offering to help fund the purchase of more stock in Chrysler LLC, daily Corriere della Sera reported, without saying where it got the information.

Fiat first wants to raise its stake in Ferrari to 90 percent by buying 5 percent held by Mubadala Development Co., according to the Italian newspaper. Ferrari might be valued at