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06 04 2018 02

The Board of Directors of Fiat Chrysler Automobiles (FCA) announced on April 5 that it has authorised FCA management to develop and implement a plan to separate the Magneti Marelli business from FCA and to distribute shares of a new holding company for Magneti Marelli to the shareholders of FCA.

The separation is expected to be completed by the end of 2018 or early 2019 and shares of Magneti Marelli are expected to be listed on the Milan stock exchange.

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