The number one of Fiat Chrysler Automobiles, Mike Manley, sold 250 shares in the auto companygrossing $3,5 million overall. The share placed on the market is equal to approximately 25% of the total shares that the CEO of FCA has in his portfolio.
The operation was registered by the Dutch AFM, the Dutch Authority for the financial markets.
Manley sold after the merger proposal that FCA sent to French Renault. In fact, being an insider on the operation, he had to wait for certain legal terms to expire.
The sale, specify sources close to the dossier, would be motivated by "personal expenses" e it would have no correlation with the possible wedding with Renault, nor with the role that Manley could play after the merger.
In the meantime, the preparations for the possible marriage go ahead. This morning the CEO of Nissan, Hiroto Saikawa, he has made it known that he is ready to see the president of FCA John Elkann, to have him explain the details of the merger proposal presented by FCA to Renault directly from him. The Kyodo agency reports it.
In fact, we recall that Nissan, together with Mitsubishi, is part of a three-way alliance with the French company. “I would like to meet Elkann“said Saikawa, explaining that the place and date of a possible meeting have not yet been fixed, but there has already been an exchange of emails with the president of FCA. Saikawa did not clarify whether or not he is in favor of the FCA-Renault merger plans even though he had previously stated: "Overall, we don't see any particularly negative aspects" of the planned merger.
Meanwhile in Piazza Affari, FCA stock it collapsed by 4,8% to 11,434 euros, weighed down, together with all the other listed companies in the European auto sector, by the threat of tariffs on Mexico by the United States.
