Deutsche likely to bid for Fiat's Fidis

Newswire

MILAN, June 27 (Reuters) - Deutsche Bank is likely to make a bid for Fidis Retail, the consumer financing division of Italian automaker Fiat , the head of the German bank's operations in Italy said on Tuesday. "I think it is among the group of banks that will make an offer," Vincenzo De Bustis said on the sidelines of a conference. Fiat plans to buy back the 51 percent of the division that it sold to a group of banks in 2003 and sell it again to a single partner. It has drafted a short ...

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