Fiat parent Ifil told by Consob of irregularities


MILAN, Feb 22 (Reuters) - Fiat's parent company Ifil said on Wednesday stock market regulator Consob had notified it over possible irregularities over a press statement Ifil issued in August 2005.

In that August statement, Ifil said it had no information that could justify sharp moves in Fiat shares.

Shortly afterwards, the holding firm carried out a complex deal allowing it to keep a 30 percent stake in Fiat and avoid share dilution after banks converted a multi-billion euro loan into Fiat shares.

Ifil said it would present objections to Consob's decision.



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