Fiat (F.MI) said Wednesday it expects the Chrysler deal to close soon without further elaborating.

In a statement sent to the Italian stock exchange Fiat confirmed the U.S. Court decision to approve Chryslers sale of assets to a group of investors led by Fiat.

Shares of Fiat Wednesday soared in Milan on news. At 0720 GMT there were trading up 3.9% at EUR7.73.

-By Sabrina Cohen, Dow Jones Newswires, +39 02 5821 9906; sabrina.cohen@dowjones.com