Sullivan & Cromwell has advised Fiat in its move to take full control of US auto manufacturer Chrysler in a deal worth $4.35bn (£2.63bn). The Italian carmaker, which is to acquire the remaining 41.46% stake in Chrysler it does not already own from a trust affiliated with the United Auto Workers union, known as veba, will pay $1.75bn for the share.
January 03, 2014 at 12:34 AM
1 minute read
The original version of this story was published on Legalweek
Sullivan & Cromwell has advised Fiat in its move to take full control of US auto manufacturer Chrysler in a deal worth $4.35bn (£2.63bn).
The Italian carmaker, which is to acquire the remaining 41.46% stake in Chrysler it does not already own from a trust affiliated with the United Auto Workers union, known as veba, will pay $1.75bn for the share.
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