Fiat increases its interest in Chrysler
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Chrysler repays government loans
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Who owns Chrysler?
(13th April, 2011)
29th May, 2011
- Following closing of the refinancing of Chrysler’s debt
and repayment by Chrysler of its debt to the U.S. and Canadian governments, Fiat increases its interest in
Chrysler
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Concurrently with the closing of the refinancing of Chrysler’s debt and the full repayment by Chrysler of its
debt to the U.S. and Canadian governments last week, Fiat has consummated the exercise of its option to purchase
an incremental 16% interest in Chrysler, pursuant to the terms of the arrangements announced on 21st April,
2011.
In exchange for a cash consideration of US$ 1,268 million, Chrysler has issued to Fiat 261,225 new class A
membership interests in Chrysler, increasing Fiat’s aggregate ownership interest by 16% (on a fully-diluted
basis).
Following the occurrence of the final so-called Performance Event which is expected later this year Fiat will
hold 51% of the outstanding equity in Chrysler.
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