Fiat Chrysler Automobiles (FCAU) Enters Merger with Gruppo Editoriale L'Espresso
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FCA Announces Plans to Create Major Player in the Publishing Business and Distribute its Interests in the Sector to its Shareholders
March 2, 2016 12:33 PM ESTLONDON, March 2, 2016 /PRNewswire/ --
Fiat Chrysler Automobiles ("FCA") (NYSE: FCAU / MTA: FCA) announced today its intention to consummate a transaction that will result in creation of the leading player in the Italian media and publishing business and to distribute all of its media and publishing sector interests to shareholders, consistent with its desire to increase focus on its core business.
Today, FCA entered into a Memorandum of Understanding providing for the merger between its media and publishing subsidiary ITEDI S.p.A. ("Itedi") and the... More
