FCA – Fiat Chrysler Automobiles
FCA completes the sale of 1.17% of CNHI’s common shares
Fiat Chrysler Automobiles N.V. (NYSE: FCAU / MTA: FCA) (“FCA”) announced today that it has successfully completed the placement of 15,948,275 common shares of CNH Industrial N.V. (“CNHI”), representing 1.17% of CNHI’s common shares (the “Placement”).
The total consideration of the Placement amounted to 144.3 million euro.
The Placement, carried out through an accelerated bookbuilding procedure directed to certain institutional investors, was priced at 9.05 euro per share.
Settlement of the sale will take place on 21 March 2017 by delivery of the common shares to investors and payment of the consideration to FCA.
FCA engaged Société Générale Corporate & Investment Banking as Sole Bookrunner for the sale.
Following the settlement of the sale, FCA holds no residual shares in CNHI.
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