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Sunday, 30 October 2011

Fiat share plan seen easing route to Chrysler merger

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A plan by Fiat S.p.A. to convert preference and savings shares into ordinary shares will reduce the cost of equity and remove a potential hurdle to a merger with Chrysler, which is now majority owned by the Italian carmaker.

Fiat and its sister company Fiat Industrial said late on Thursday the proposed conversion would streamline the capital structure and simplify governance for both groups.Vcommindia News

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