Tags: Fiat | Chrysler | Stake | IPO

Fiat May Boost Chrysler Stake to More Than 51% Before IPO

Wednesday, 25 May 2011 10:35 AM

Fiat SpA may boost its stake in Chrysler Group LLC to more than 51 percent before an initial public offering of the U.S. automaker, Sergio Marchionne, chief executive officer of both companies, told reporters in Turin, Italy today.

Fiat has the right to buy additional shares in the U.S. company beginning today, the CEO said. Fiat may buy shares in Chrysler from a union trust, Marchionne said.

Marchionne said he is considering a merger of the two companies, though he has no timing in mind. A merger is not a priority now, he said.

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Fiat SpA may boost its stake in Chrysler Group LLC to more than 51 percent before an initial public offering of the U.S. automaker, Sergio Marchionne, chief executive officer of both companies, told reporters in Turin, Italy today.Fiat has the right to buy additional shares...
Fiat,Chrysler,Stake,IPO
94
2011-35-25
Wednesday, 25 May 2011 10:35 AM
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