This deal has quietly slipped under the radar, but is ready to signed as Fiat and the Serbian goverment agree to the cession of Zastava at a figure of approximately 700 million euros. The signing should occur, according to Italiaspeed, next Monday.

The deal has been negotiated by Alfredo Altavilla, vice president of Fiat Group, and Mladan Dinkic, minster for the economy. It will see Fiat take a 70 percent stake in the group, along with manufacturing facilities at Kragujevac, while the Serbian government invests 200 million euros. Signing the deal will be Serbian president Boris Tadic, prime minister Mirko Cvetkovic, Fiat general manager Sergio Marchionne, and Italian foreign minister Franco Frattini.

Via | Italiaspeed

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