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Fiat, Veba ups the ante on 3,3% of Chrysler: asked for 342 million dollars

The fund of the American union United Auto Workersm has asked for 342 million dollars for the share that would bring Lingotto to 62% of the American house - According to Veba, the offer of 139,7 million made by Fiat is "substantially" below the right market value.

Fiat, Veba ups the ante on 3,3% of Chrysler: asked for 342 million dollars

Fiat's climb to Chrysler is increasingly uphill. The Plague, fund of the American union United Auto Workersm, asked Lingotto for $342 million for another 3,3 percent stake in the Detroit home. A stake that would allow the Italian group to rise to around 62% in the capital of the American subsidiary.

This is what emerges, according to various US press organs, from a document filed with the arbitration court charged with settling the question of the valuation of the share on which Fiat exercised the option right to purchase on July XNUMX last year.

The union, according to the document filed in a Delaware court, underlined that the offer of 139,7 million made by Fiat is "substantially" below fair market value. 

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