The company that will result from the pending merger between Italian automobiles maker Fiat SpA (BIT:F) and its majority-owned US unit Chrysler Group LLC could be registered in the Netherlands, Sergio Marchionne, CEO of both firms, said as quoted by Reuters.
The enlarged entity, which is likely to have its primary listing in New York, will benefit from such a move as corporate rules in the Netherlands are similar to those in the US, the news agency said.
Earlier, the stockholders of agricultural and construction equipment maker CNH Global NV (NYSE:CNH) gave the green light to a planned combination of the company with its majority-owner Fiat Industrial SpA (BIT:FI). Marchionne told Reuters that this particular tie-up will serve as “one of the technical blueprints” for a future merger between Fiat and Chrysler.
At present, the Italian group is working on purchasing the 41.5% it does not already own in Chrysler from US healthcare trust VEBA. The parties, however, can not seem to agree on the price and are waiting for a Delaware court to rule on the matter, supposedly by the end of the month.
Previously, the news agency reported that Fiat values the entire business at USD4.2bn (EUR3.2bn), while the trust estimates the figure should be USD10.3bn.