VEBA values Chrysler at 3,6 billion dollars
VEBA, the owner of the remaining 41,5% shares in Chrysler, valued the American brand at 3,6 billion dollars (2,65 billion euros or 2,25 billion pounds) at the end of last year. That’s 0,9 billion over the 2,7 billion estimate of the year before. On top of that, the Court of Delaware has yesterday announced that they’ll only be making a final judgment on the matter in September 2014, whereas Lingotto was hoping for May next year at the latest for the first part of the remaining shares (16,6%). This hope is now gone and the VEBA is in the meantime leading on to an IPO of Chrysler.