Fiat says cap hike over 98 pct subscribed

Newswire

MILAN, July 31 (Reuters) - Fiat said Thursday it had received subscriptions for more than 98 percent of a 1.8 billion-euro capital hike to help fund a turnaround plan aimed at hauling the industrial group back to net profit in 2006. In the last week, Fiat's parent Ifil and the next company up the chain of command Ifi both closed their own capital increases with near total take-up.

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