Friday, December 12, 2014

Fiat-Chrysler, collected $ 4 billion. Remains yellow on operations … – The Daily

Fiat-Chrysler, collected $ 4 billion. Remains yellow on operations … – The Daily

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Sergio Marchionne has done: the entire supply of shares and bonds to be converted into bonds has been placed on the US market and the ‘ CEO of Fiat Chrysler Automobiles took home just under $ 4 billion . American banks have exercised the option to purchase 13 million ordinary and an amount of mandatory convertible bonds of the convertible loan amounting to 375 million dollars. Fiat Chrysler Automobiles then sell 100 million common shares and mandatory convertible bonds for 2.875 billion dollars by collecting a total of 3.88 billion dollars. This figure with the listing of 10% of Ferrari, which is expected between the second and third quarter 2015, which is expected in the market should bring at least another 600 million euro , will complete the collection of resources to finance the investment plan with the launch of new models and to reduce the indebtedness of the group. In the background remains to clarify the “yellow” of the sale of a substantial block of shares of the automaker on the eve dell’ufficializzazione values ​​of the operation, much lower than the market: in practice, it is the one on which the authorities are investigating market, someone may have taken advantage of a ‘ confidential information received in advance to sell when the headlines were traveling on the top just in time for the thud following the announcement of the sale price of the new shares and bonds precipitated the title.

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