Wednesday, February 9, 2011

Fiat: the move would cost 4 billion to Detroit

Detroit Detroit yes or no? Fiat CEO, Sergio Marchionne, is working with its partners to quantify the costs of a possible shift in the metropolis of Michigan headquarters after the merger with Chrysler. The stakes are high, even in terms del'azionariato: unitholders, shall have the right to request the withdrawal from the securities held by them on the value of the average quotation of the last six months, as stated by the Civil Code to ' article number 2437.

And it is this point that according to calculations should cost less than 4 billion euros, leaving the perplexed manager Italo-Canadian, which might yield to the blandishments with which the Italian government will meet Saturday, Feb. 12. Meanwhile, the Minister of Economic Development Paul Romans has already announced that Marchionne will ask Italy to take "the head and the heart of Fiat, partly because the automotive industry, including the armature, is in Italy on 10% of GDP national.

These 4 billion represent 66.4% of Fiat shares, which are in the hands of subscribers to the third group that "if a company decides to bring across the border its registered members who did not vote on the resolution, have the right to withdraw" .

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