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The two companies completed the acquisition of Chrysler Fiat merger


Local time on January 21, Fiat said in a statement, has spent $ 4.35 billion, from Chrysler VEBA another shareholder completed the acquisition of 100% stake in the hands of Chrysler. Fiat - Chrysler has become the world's seventh largest auto group. Fiat - Chrysler CEO Marchionne through long-term efforts, and ultimately the two companies merged. Financing agreement transactions are expected Fiat will not need to raise equity capital through a rights issue


Official information is as follows:

    Fiat shares in the company (Fiat) has announced a voluntary employee beneficiary association with (VEBA) to reach an agreement, its wholly-owned subsidiary of Fiat North America (FNA) held by VEBA will acquire some of Chrysler Group (Chrysler Group) All 41.4616% stake. The transaction is expected to be settled on or before January 20, 2014.