Fiat agrees to sell Toro to De Agostini


TURIN, March 22 (Reuters) - Fiat has decided to sell its insurance division Toro to Italian publishing company De Agostini, a source close to the deal said on Saturday.

Fiat had included Toro in an asset sale programme in order to raise cash for a plan to turn around its loss-making car arm Fiat Auto.

The source did not give a value for the deal, but Toro has been estimated to be worth around two billion euros. (Reuters newsroom +39-06-85224350, fax +39-06-8540568))



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