Close

Welcome back to Stockhouse
Member Sign In

Email or Username:
Password:
Close

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Enter your email address:
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

Fiat targets end of 2013 for Chrysler IPO

Canadian Press, The Canadian Press
0 Comments| September 13, 2013


MILAN, Italy _ Fiat and Chrysler CEO Sergio Marchionne says he is no closer to a deal to take full ownership of Chrysler, which in the meantime is moving ahead on the formalities for an initial public offering.

Marchionne told reporters in Turin, Fiat's headquarters, that talks were continuing with the autoworker's health care trust, Veba, on buying their 41.5 per cent stake in Chrysler, but the two sides continue to disagree on price.

``Veba wants $5 billion? They should buy a lottery ticket,'' Marchionne was quoted as saying by the LaPresse news agency.
Marchionne said a Chrysler IPO would be technically ready by the end of the year.

Veba has asked Fiat to begin working on an IPO of Chrysler, but cannot formally compel it to follow through.
 


Rate this article
0 stars
v
Usefulness

Clarity

Credibility

Comments

No comments yet. Be first to comment!

Leave a Message

You must be logged in to access this feature.

Related News