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De Agostini wins approval to buy Fiat insurer Toro

BRUSSELS, June 18 (Reuters) - The European Commission on Wednesday approved plans by De Agostini SpA to take over Italian insurance firm Toro Assicurazioni from industrial giant Fiat SpA . Fiat in March said it would sell its insurance arm Toro to italian publisher Agostini for 2.4 billion euros ($2.82 billion), raising vital cash to tackle losses and debts.