MILAN, Nov 19 (Reuters) - Italian automaker Fiat will meet on November 27 the eight banks that provided it with a three billion euro loan in July 2002, financial sources said on Wednesday, confirming press reports. The loan, which expires in 2005, could be convertible into Fiat shares if some debt-related targets are not met, and there has been speculation that the banks, which are not eager to end up with a stake in Fiat, could seek to modify its terms. "The meeting is at a technical ...
Premium Content (PAID Subscription Required)
"Fiat to meet with creditor banks on Nov 27-sources" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642