Following the announcement of Fiat Chrysler Automobiles, regarding the pricing of its mandatory convertible securities, EXOR confirms it has purchased US$ 886 million of the notional amount of the securities.
The investment will allow EXOR to preserve its approximately 30% fully-diluted ownership interest in FCA. EXOR’s diluted ownership interest in FCA will be approximately 29.5% if the over-allotment options in the offerings of common shares and of mandatory convertible securities are both exercised in full.
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