Agnelli Family Could Extend Control of Fiat-Chrysler

Fiat SpA's founding Agnelli family owns 30% of the carmaker. But an investor loyalty plan tied to Fiat's merger with Chrysler Group LCC could boost the family's holding in the new company to as much as 46%, Reuters reports.

Investors will receive one share of Fiat Chrysler Automobiles NV for each Fiat share they hold now. But Reuters says the scheme offers stockholders who have held their Fiat investments for at least three years the option of getting two votes for each of their shares.

The special voting shares will not be listed or traded, according to a regulatory filing.

The offer could push the Agnelli family's voting power exercised through its Exor holding company to 46%, but only if no other eligible shareholder takes part in the plan.

Shareholders will vote on the Fiat-Chrysler merger and stock plan on Aug. 1. Stakeholders who object to the merger can cash out each of their Fiat shares for €7.23.