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Fiat SpA Near To Securing Finance For Chrysler Buyout-Reuters

Tuesday, 23 Apr 2013 01:34pm EDT 

Reuters reported that Fiat SpA could secure financing by May for a possible buyout of the rest of Chrysler. Fiat is in advanced talks with banks, which are expected to conclude next month, on financing to buy the 41.5% of Chrysler which is held by VEBA, the United Auto Workers' retirees' healthcare trust.