Deals
Fiat May Increase Chrysler Stake to 51% Before IPO
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Fiat SpA, the Italian carmaker that owns 20 percent of Chrysler Group LLC, may boost the holding to more than 50 percent before the U.S. automaker’s initial public offering, the two companies’ chief executive officer said.
“I think it is possible. I don’t know whether it is likely, but it is possible that we’ll go over the 50 percent mark if Chrysler decides to go to the markets in 2011,” Sergio Marchionne, 58, told reporters at the Milan stock exchange today. “It will be advantageous if that happens.”