Inactive Instrument

Fiat SpA Borsa Italiana

Equities

FIA

IT0001976403

Fiat SpA : Fiat to acquire remaining equity interests in Chrysler Group LLC from VEBA Trust

January 01, 2014 at 06:48 pm

MarketScreener.com By

Fiat to acquire remaining equity interests in Chrysler Group LLC from VEBA Trust

Fiat S.p.A. ("Fiat") today announced an agreement with the VEBA Trust1, under which its wholly owned subsidiary, Fiat North America LLC ("FNA"), will acquire all of the VEBA Trust's equity membership interests in Chrysler Group LLC ("Chrysler Group"), representing the 41.4616% of Chrysler Group not currently held by FNA. The transaction is expected to close on or before January
20, 2014.

In consideration for the sale of its membership interests in Chrysler Group, the VEBA Trust will receive aggregate consideration of U.S.$3,650 million consisting of:

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Company Profile

Stellantis N.V., formerly Fiat Chrysler Automobiles N.V., is an automaker and a mobility provider. The Company is engaged in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems. The Company has operations in more than 40 countries and sells its vehicles directly or through distributors and dealers in more than 130 countries. It designs, engineers, manufactures, distributes and sells vehicles for the mass-market under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. In addition, the Company designs, engineers, manufactures, distributes and sells luxury vehicles under the Maserati brand. The Company's brand portfolio also includes Peugeot, Citroen, DS Automobiles, Opel and Vauxhall.

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13/06/2024 - Investor Day

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CAC 40 , Euro STOXX 50 Index , STOXX EUROPE 600 (EUR) , FTSE MIB INDEX

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