With reference to the launch of the offering of mandatory convertible securities announced today by Fiat Chrysler Automobiles for an aggregate notional amount of $2.5 billion, which may be increased by up to $375 million at the option of the underwriters, EXOR confirms its intention to participate by purchasing an amount which would protect its approximately 31% ownership interest in FCA against dilution.
The transaction is exempt from the Procedure for transaction with related parties adopted by EXOR, as an ordinary transaction of major importance with a controlled company.
The transaction will be carried out at market financial conditions.
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