Another positive day in Piazza Affari for Fiat, which was up 0,7% at the start of trading. On Tuesday, the stock had gained 4,46%, to 5,85 euros.
To trigger the wave of purchases was the resumption of negotiations with Veba for the purchase of the share of Chrysler not yet in the hands of the Lingotto, equal to 41,5%.
“The idea is that an agreement is around the corner,” said a trader, underlining that the divergence on the share price does not appear to be insurmountable from the rumors that have emerged.
According to Bloomberg, a meeting between the two sides occurred this week after the UAW rejected a higher offer from Chrysler earlier this month. The offer was Fiat's first since August.
Meanwhile, Chrysler reduced interest on a $22 billion loan by $2,9 million. A note from the American company says so, adding that the deadline remains May 24, 2017.
