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Fiat Said to Ready $10 Billion in Financing to Buy Chrysler

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Fiat SpA is in talks for as much as $10 billion in financing from a pool of banks to buy the Chrysler Group LLC stake it doesn’t own and refinance the two automakers’ debt, people familiar with the matter said.

The banks, which include Bank of America Corp., Deutsche Bank AG, Goldman Sachs Group Inc. and BNP Paribas SA, are discussing loaning Fiat the money to purchase the 41.5 percent of the American carmaker held by the United Auto Workers’ retiree health-care trust, said the people, who asked not to be identified because the discussions are private. Other banks could also take part in the financing, one of the people said.