SPAIN: Diluting GM Fiat Auto stake in recapitalisation would not nullify ‘put’ option – report
Any dilution of General Motors' stake in Fiat Auto during an on-going recapitalisation would not nullify a "put" option that could see it forced to buy out the company, the head of GM told Reuters on Friday.
Any dilution of General Motors’ stake in Fiat Auto during an on-going recapitalisation would not nullify a “put” option that could see it forced to buy out the company, the head of GM told Reuters on Friday.
Asked if a recapitalisation would dilute GM’s 20% stake in loss-making Fiat Auto, GM chief executive Rick Wagoner told Reuters: “All else being equal, it normally would — you just have to do the maths”.
Asked if the dilution would nullify the “put” option that allows Fiat to sell GM its 80% stake from next year, Wagoner replied “No”, Reuters said.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Continental has secured the Window Displays Innovation Awardin the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.
