July 3, 2012 / 7:18 AM / in 7 years

Fiat moves to boost stake in Chrysler to 61.8 percent

MILAN (Reuters) - Italian car maker Fiat FIA.MI said on Tuesday it planned to exercise a call option to buy around 3.3 percent of Chrysler from the VEBA trust fund, boosting its stake in the U.S. peer to 61.8 percent.

VEBA holds a 45.7 percent stake in the Detroit-based car maker.

The operation is expected to occur in the coming weeks, Fiat said in a statement.

Reporting by Valentina Za

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below