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FCA clears merger hurdle with €37m to spare

Fiat pacifies disgruntled shareholders without breaking the €500m budget.

Sergio Marchionne's plans for a combined Fiat Chrysler Automobiles (FCA) has made it through shareholder opposition by a margin of €37m (US$47.9m). The move to relocate corporate headquarters to the Netherlands, shift the financial base to the UK and launch a primary stock listing in the US was approved by shareholders on 1 August, but the opponents to the move threatened to throw a spanner in the works.

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https://www.automotiveworld.com/articles/fca-clears-merger-hurdle-e37m-spare/

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