Fiat, banks in talks over loans, cap hike - paper

Newswire

MILAN, April 24 (Reuters) - Fiat is talking with creditor banks about extending the deadline of a three billion euro loan, getting more credit and the banks underwriting a possible Fiat capital increase, a newspaper said on Thursday. The banks have long been keen to avoid converting the three billion euro loan -- granted last year -- into Fiat shares and financial daily Il Sole 24 Ore reported they were in talks with Fiat Chief Financial Officer Ferruccio Luppi. The banks -- led by ...

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