MILAN, July 31 (Reuters) - Fiat's gross debt fell to 26.7 billion euros at the end of June from 28.7 billion euros at the end of March, slides issued for a conference call with analysts showed on Thursday. Earlier on Thursday, Fiat said net debt fell to 4.8 billion euros by the end of June -- helped by a 1.2 billion-euro contribution from the sale of insurer Toro -- which analysts welcomed as a sign Fiat was setting its balance sheet in order.
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