Deals
Fiat Plans to Sell Withdrawal Shares With New York Listing
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Fiat SpA will sell shares acquired from investors exiting the company before its merger with Chrysler Group LLC to raise funds and boost trading liquidity.
“Those are shares that I normally would not have repurchased, so they may be used to create liquidity” rather than add to debt, Chief Executive Officer Sergio Marchionne told Bloomberg News today at an event in Rimini, Italy.