BREAKING NEWS

BREAKING NEWS

FCA completes Magneti Marelli sale, approves 2 bln euro extra dividend

FCA completes Magneti Marelli sale, approves 2 bln euro extra dividend
FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at its U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File Photo -
Copyright
Rebecca Cook(Reuters)
Text size Aa Aa

MILAN (Reuters) - Fiat Chrysler Automobiles approved on Thursday paying 2 billion euros (£1.7 billion) out to shareholders as an extraordinary dividend after completing the sale of its car parts unit Magenti Marelli to CK Holdings for around 5.8 billion euros.

The board of the Italian American car maker has approved distributing 1.30 euros in cash for each common share held, the company said.

(Reporting by Giulio Piovaccari; editing by Valentina Za)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.