GENEVA, March 5 Fiat Chief Executive
Sergio Marchionne said it was likely the Italian carmaker would
agree with Chrysler's minority shareholder VEBA on a price for
Fiat to buy VEBA's 41.5 percent stake in Chrysler.
Fiat owns the remaining stake, and wants to own the entirety
of the U.S. automaker.
The two sides have failed to agree on price so far. However,
Marchionne said that faced with the prospect of an initial
public offering (IPO) for part of its stake - which would
typically be priced at a discount to attract investors - VEBA
was likely reach a deal with Fiat.
"It's highly unlikely that, forced with a real market test
(of an IPO), that Fiat and VEBA will disagree on (Chrysler's)
value," he said at a press conference at the Geneva car show.
VEBA, a health-care trust affiliated with the United
Autoworkers' Union, has the right to list part of its Chrysler
stake on the New York Stock Exchange in a public offering.