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Fiat Chrysler CEO, chairman confident merger will get final OK
August 1, 2014 / 2:15 PM / 3 years ago

Fiat Chrysler CEO, chairman confident merger will get final OK

TURIN Italy (Reuters) - Fiat’s FIA.MI chief executive and the company’s chairman are confident that its merger with Chrysler into Dutch-registered Fiat Chrysler Automobiles will get final approval despite resistance from a group of Fiat shareholders, CEO Sergio Marchionne said on Friday.

Shareholders approved the merger earlier on Friday with a two-thirds majority. However, around 8 percent of all Fiat shareholders voted against the move to merge Fiat and Chrysler into Dutch-registered Fiat Chrysler Automobiles and should all of them exercise their exit rights, the move could still fail, according to a condition set out as part of the merger.

Reporting by Agnieszka Flak, editing by Isla Binnie

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