Banks not discussing longer Fiat loan-UniCredito

Newswire

ROME, Nov 26 (Reuters) - Fiat's creditor banks are not discussing lengthening a three billion euro loan they extended to the industrial group last year, the head of one of the banks UniCredito said on Wednesday. "I really don't think it is being discussed," UniCredito Chief Executive Alessandro Profumo told reporters on the sidelines of a meeting. Earlier on Wednesday, MF newspaper said Fiat and its creditors would discuss postponing the loan's 2005 expiry at a meeting on Thursday.

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