Friday, July 22, 2011

Fiat rose to 53.5% of Chrysler

Fiat has officially reached the majority arriving in Chrysler to 53.5% of the U.S. group: Lingotto has taken over the last remaining shares to the Governments of the United States and Canada, paying a total of $ 625 million, representing a stake of 7.5 %. Specifically, Fiat bought the share from Ottawa, at 1, 5%, for 125 million dollars, and the Washington, 6%, to 500 million, as required by the agreements previously concluded between the parties at the beginning June.

By the end of 2011, with the realization of the last "Performance Event", the Italian manufacturer could buy more shares and go to 58.5% of the American giant of Detroit.

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