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Reuters reports that Canadian Finance Minister Jim Flaherty said the government is open to selling its 1.7 percent stake in Chrysler to Fiat, but is going to look for the best price. Speaking at a news conference at the Etobicoke Casting Plant yesterday, Flaherty said, "We have to look out for good value for Canadian taxpayers." Unlike the deal with the U.S. government, Canada did not give Fiat an option on its share as part of its loan package. The Canadian government is free to shop for the best deal. Flaherty said Ottawa would wait to see what price Fiat is able to negotiate for the U.S. government's holdings and then decide whether to take a similar amount or take its chances with an initial public offering down the road. Last week, Chrysler CEO Sergio Marchionne said Fiat would pay "a reasonable price" for Canada's stake. Fiat currently owns 46..
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Guest Message by DevFuse
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AN: Canadians "open" to selling Chrysler stake
Started by
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, May 31 2011 at 02:27 am
2 replies to this topic
#2
hotmach
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Posted May 31, 2011 at 07:20 pm
From a taxpayers prospective what's the incentive to take less or not turn a profit?
#3
Jeff2KPatriotBlue
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Posted May 31, 2011 at 07:49 pm
Not about the taxpayers, but the politicians would be happy to get it off the books.
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