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Great Wall asks to meet FCA, eyes offer for all or part of group: sources
August 21, 2017 / 7:15 AM / 3 months ago

Great Wall asks to meet FCA, eyes offer for all or part of group: sources

BEIJING (Reuters) - China’s Great Wall Motor (601633.SS) has asked for a meeting with Fiat Chrysler Automobiles (FCA) (FCHA.MI) with the aim of making an offer for all or part of the Italian-American auto group, according to two individuals familiar with the move. 

A woman walks past a logo of Fiat Chrysler Automobiles (FCA) in Turin March 31, 2014. REUTERS/Giorgio Perottino

Great Wall and FCA were not immediately available for comment. The sources could not be named as the negotiations are private.

Earlier on Monday, Automotive News reported that Great Wall had contacted FCA to express an interest specifically in its Jeep brand, which along with truck maker Ram, is among its most coveted assets. Automotive News cited an email from Great Wall President Wang Fengying.

Reporting by Nori Shirouzu; Editing by Muralikumar Anantharaman

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