Fiat Raises Chrysler Ownership Stake

fiat_chrysler2a

USA Today - July 5, 2012

While Fiat has had a con­trol­ling inter­est in Chrysler Group LLC under an agree­ment reached in 2009, Fiat has the right to begin buy­ing some of the UAW Retiree Med­ical Ben­e­fits Trust’s shares every six months through June 30, 2016, until it has acquired 40 per­cent of the trust’s 41.5 per­cent inter­est. Fiat said it expects to com­plete the pur­chase rais­ing its stake to 61.8 per­cent “in the upcom­ing weeks.”

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