Sabato, 20 Ottobre 2018

Chrysler IPO 'likelier' next spring says Marchionne


Turin, September 13 - An initial public offering by
Fiat's US unit Chrysler is possible by the end of 2013 but "more
likely" in the first quarter of 2014, the CEO of both companies,
Sergio Marchionne, said Friday.
Chrysler's IPO is set to take place in New York.
Chrysler's minority shareholder, a union-affiliated
healthcare trust, VEBA, decided in January to sell part of its
Chrysler stake in a public offering.
Fiat owns 58.5% of Chrysler and wants to buy VEBA's
remaining stake.
Marchionne said he did not believe their positions on the
buyout were getting closer.
He said talks were "ongoing" and scoffed at reports VEBA
wanted $5 billion, saying "it should buy a lottery ticket".
Marchionne's added that new Alfa Romeo models were in the
pipeline after Fiat's one-billion-euro investment in Turin's
long-stagnant and former flagship Mirafiori plant to produce
Maseratia SUVs.
"We'll announce them at the right time," he said.

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