Fiat Says Merger With Chrysler Effective As Of October 12

Italian car maker Fiat (FIA.MI) said on Tuesday the merger with its U.S. unit Chrysler will be effective as of Oct. 12 after all conditions for the tie-up to go through were met.

Fiat said no creditors had opposed the merger and the amount of money to be paid to shareholders that chose to sell their shares had not exceeded a 500-million euro cap set by the company.

Shares in the new holding Fiat Chrysler Automobiles will start trading on the New York Stock Exchange on Oct. 13, Fiat said in a statement.

REUTERS