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Fiat increases stake in Chrysler to 46%
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Fiat increases stake in Chrysler to 46%
In June, Fiat will increase its stake in Chrysler to 46%, said Friday the German magazine Automobilwoche. He referred to a source in banking circles, which is now negotiating the acquisition of the Italian automaker optional package in a 16% stake in Chrysler in late June. As it became known, the condition for the transfer to Italy next stake in Chrysler may be the agreement on debt restructuring of American automaker before the governments of the U.S. and Canada. On Monday, the head of Fiat Sergio Marchionne stated that he sees the opportunity to restructure part of its debt in the $4 billion that will be enough for the planned transaction. The Chrysler debt before the government today is estimated at $7.4 billion
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