CORRECTED - Serbia, Fiat to complete sale of Zastava carmaker

Newswire

(Corrects value of Serbian and Fiat's investment to 700 million euros, adds additional paragraph 6) BELGRADE, Dec 21 (Reuters) - Serbia and Italy's Fiat SpA have agreed on the completion of Fiat's purchase of a majority stake in the country's biggest carmaker, Zastava Automobili, a statement said on Monday. In 2008 Serbia and Fiat created a 700 million euro ($1 billion) joint venture, Fiat Automobili Srbija, in which the Turin-based manufacturer acquired 67 percent of the Zastava ...

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