Friday, April 22, 2011

Fiat buys 46% of Chrysler later this year a majority stake?

Fiat, rising to 46% ownership Chrysler has taken a further step towards its target of end 2011, ie to achieve 51% of Chrysler. For all components of the top Fiat this step has been described as a crucial relationship Fiat - Chrysler, in fact, is the CEO, Sergio Marchionne, John Elkann is said that this step can lead to a stronger group in the market, with a more complete range.

With this latest transaction, the Fiat will be able to exercise for the entire incremental equity call option and Chrysler will complete its refinancing operations in the second quarter of 2011. The call option has a total value of $ 1.26 billion. In addition, Sergio Marchionne, perhaps also because of this additional step, it was located at 51 th place in the ranking by Time's 100 most important men in the world.

Indeed Marchionne has contributed a lot not to drop shadow the third American carmaker. Thanks to his contribution to the range of Chrysler car has undergone a renovation that is bearing fruit in terms of sales confirmed by data of 2010.

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