FCA Completes Sale of Magneti Marelli to Calsonic Kansei

Posted on 03. May, 2019 by in Chrysler Canada

May 2, 2019

, London

Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU/MTA: FCA) currently announced a execution of a sale of a automotive components business Magneti Marelli S.p.A. to CK Holdings Co., Ltd., a holding association of Calsonic Kansei Corporation, a heading Japanese automotive member supplier. In tie with a closing, FCA perceived money care of approximately €5.8 billion[1].
“We appreciate Magneti Marelli’s employees for their loyalty to providing innovative products while ancillary FCA business objectives,” pronounced FCA CEO Mike Manley. “FCA stays committed to Magneti Marelli, with a new association stability as a pivotal supplier, and we am assured that this transaction secures a clever destiny for their employees and other stakeholders. This sale also recognizes a full vital value of Magneti Marelli, improving a financial position, delivering value to a shareholders and permitting us to raise a concentration on a core product portfolio.”

FCA also announced that a Board of Directors authorized currently an unusual money placement to a holders of FCA common shares of €1.30 per share, analogous to a sum placement of approximately €2 billion from a net deduction of this transaction.

The unusual money placement calendar for both NYSE and MTA is: ex-date May 20, 2019; record date May 21, 2019; remuneration date May 30, 2019.

About FCA N.V.
Fiat Chrysler Automobiles (FCA) is a tellurian automaker that designs, engineers, manufactures and sells vehicles in a portfolio of sparkling brands, including Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep®, Lancia, Ram and Maserati. It also sells tools and services underneath a Mopar name and operates in a components and prolongation systems sectors underneath a Comau and Teksid brands. FCA employs scarcely 200,000 people around a globe. For some-more information per FCA, greatfully visit www.fcagroup.com.   

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