(Reuters) - JPMorgan Chase & Co
An IPO would bring to a head the battle between Sergio Marchionne, who leads both Chrysler and its main shareholder Fiat SpA
Chrysler plans to file documents this month that would allow its minority investor to sell shares in a stock market listing, a process that will slow Fiat's plans to take full control of the U.S. automaker.
The trust, a type known as a voluntary employees' beneficiary association or VEBA, is unhappy with the price Fiat has offered for its Chrysler stake and is exercising its right to push Marchionne to take Chrysler public.
A Chrysler spokeswoman declined comment to CNBC on the company's IPO. (http://link.reuters.com/xyc33v)
Chrysler and JPMorgan could not immediately be reached for comment by Reuters outside of regular U.S. business hours.
(Reporting by Sakthi Prasad in Bangalore; Editing by Edwina Gibbs)
- Chrysler Group LLC
- Sergio Marchionne