Fiat open to Chrysler IPO if finds no solution to buy stake

Newswire

MILAN, Jan 30 (Reuters) - Fiat Chief Executive Sergio Marchionne said the Italian automaker is open to an initial public offering of its U.S. unit Chrysler if it is unable to buy the remaining 41 percent of the company directly from the minority shareholder. The minority owner, a United Auto Workers union retiree healthcare trust, demanded that Chrysler register 16.6 percent of company shares with the U.S. Securities and Exchange Commission earlier this month. ...

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