Chrysler 1999 Annual Report Download - page 58

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57
Report on Operations – Transactions among Group Companies and with Related Parties
❚Purchase of personnel training services provided by Isvor
Fiat S.p.A.
❚Purchase of insurance services provided by Augusta
Assicurazioni S.p.A.
❚Purchase of automobiles from Fiat Auto S.p.A.
Details about the transactions involving the most significant
amounts are provided in the analysis of the individual items
ofthe Notes to the Statutory Financial Statements.
All the transactions involving intra-Group deliveries of goods
and services that are part of the regular operations of the
companies involved are discussed in the other sections of
this Report.
Based on the information received from the various Group
companies, the main intra-Group transactions of an
extraordinary nature and those with related parties are
as follows:
❚Sale by Fiat Auto S.p.A. to Magneti Marelli S.p.A. of an
interest in Sistemi Sospensioni S.p.A. at a price of 79 million
euros; and sale to Comau Services S.r.l. by Fiat Auto S.p.A.,
Iveco S.p.A. and Sevel S.p.A. of their activities specialized
in the maintenance of machinery and equipment at their
Italian factories for a total consideration of 2 million euros.
❚Purchase by Ingest S.p.A. of buildings belonging to Fiat
Auto S.p.A. and other Group companies at a cost of 215
million euros.
It should be noted that, with respect to potential conflict of
interest considerations, these transactions are carried out at
standard market terms and, whenever necessary, they are
based on appraisals provided by independent experts.
Pursuant to Article 79 of the Consob Regulations set forth in
Resolution No. 11971 of May 14, 1999, the table on the previous
page contains information on the interests held in Fiat S.p.A.
and its subsidiaries by its Directors and Statutory Auditors.