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Fiat Agnelli Family to Tighten Grip on Ferrari After Spinoff

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Almost 70 years after Enzo Ferrari rolled out his first sports car, Ferrari is set to again be family controlled after Fiat Chrysler Automobiles NV spins off the company this year.

While public shareholders will own a majority of the shares, John Elkann and other descendants of Fiat founder Giovanni Agnelli, together with the son of Ferrari’s founder, probably will control 51 percent of the votes at an independent Ferrari, according to calculations by Bloomberg News.