Sabato, 20 Ottobre 2018
TURIN

Fiat to take Chrysler stake up to 65.17%

English
© ANSA

Turin, January 3 - Fiat will exercise an option to
raise its stake in American carmaker Chrysler by 3.3% to 65.17%,
the Turin giant said Thursday.
The second chunk to be taken from Chrysler's union
retirement trust fund trust (VEBA) - after a first 3.3% share
acquired in July - will cost $198 million, it said.
Fiat took control of Detroit No.3 Chrysler after it filed
for bankruptcy protection in 2009 and it has since increased its
stake from 20% after meeting a series of performance targets
agreed with the American government.

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