Ride of the Month Contest
Your One Stop Fiat 500 Shop!

Thursday, May 21, 2009

Fiat gets three financial institutions as global coordinators













****** Fiat Press Release ******


Three financial institutions as global coordinators

Fiat S.p.A. is pleased to announce that it has secured the support of three financial institutions in its current efforts to act as consolidator in the European car sector with the ultimate objective of carving out these operations from the Group as a Newco and eventually list Newco securities in the major European financial markets.

Intesa Sanpaolo, UniCredit Group and Goldman Sachs have been selected as global coordinators and will assist and guide Fiat in all the required operations in the months to come.

"I am delighted that we are going to be able to rely on the expertise and financial strength of these institutions in such a crucial time for the development of the automotive sector and Fiat in particular. Our long standing relationship with these houses, who have been close and participative in the reshaping of Fiat in the last few years, gives us the required comfort and assurance to undertake these efforts", said Sergio Marchionne, Chief Executive of Fiat S.p.A. "Their strength and financial expertise will ensure that we will develop and deliver the optimal structures for the Group going forward, for the ultimate benefit of all stakeholders."

Turin, 21 May 2009

No comments: