Chrysler: Fiat restarts negotiations with Veba to acquire 41.5%
Fiat, the listed Italian carmaker, has re-opened negotiations with Veba, the medical and pension fund, to acquire its 41.5% stake in the Michigan-based car maker Chrysler, a newswire reported.
The item carried by Bloomberg on 20 December cited three sources with knowledge of the situation who said Fiat/Chrysler's CEO Sergio Marchionne met with Veba representatives, earlier during the week.
The report said earlier in December, Veba had turned down an improved offer for the stake from Fiat. The item said Fiat may improve its offer to ward off Chrysler's IPO being pushed for by Veba.
The report cited one of the sources who claimed Fiat was now offering USD 4.2bn but Veba was asking for at least USD 5bn.
Source Newswire Round-up