Fiat, banks agree in principal on Fidis sale-source

Newswire

MILAN, Dec 19 (Reuters) - Italian automaker Fiat said on Thursday it had reached an agreement in principal with its main creditor banks on the sale of a majority stake in its consumer finance unit Fidis. A Fiat spokesman said the long-awaited deal, which will help the crisis-hit group slash its debt pile, had been reached with banks Capitalia , IntesaBCI , Sanpaolo IMI and UniCredito , adding that full details of the accord would be provided early in 2003. A financial source added that ...

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