Fiat completes 100 mln eur payment for Serbia JV

Newswire

BELGRADE, Dec 29 (Reuters) - Italy's Fiat SpA completed a 100 million euro ($143.9 million) payment on Tuesday, formally establishing its business in Serbia, which the Serbian government hopes will be worth 2 billion euros a year. "With 2 million euros paid earlier this year and the 98 million euro paid today, Fiat has completed its initial investment in the joint venture with Serbia," Serbia's Deputy Prime Minister in charge of economy Mladjan Dinkic said. The payment gives the ...

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