Fiat CEO-Italenergia not in medium,long-term interest

Newswire

BALOCCO, Italy, July 26 (Reuters) - Fiat Chief Executive Sergio Marchionne said in a slide presentation on Monday the group's stake in power holding company Italenergia Bis was not in its medium or long-term interests. Fiat, which has 24.6 percent of Italenergia, is believed to be interested in selling all or part of its stake to finance the automaker's turnaround effort.Italenergia controls Italy's second-biggest power group Edison .

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